At TEIF 2025 in Kuala Lumpur, Alibek Kazangapov, Project Management Specialist at the Islamic Development Bank (IsDB) Regional Hub in Almaty, Kazakhstan, highlighted the IsDB’s strategic investments in Turkmenistan, underscoring the bank’s commitment to fostering socio-economic development in the region.
Since 1994, the IsDB has approved over US$ 1.4 billion for 33 projects in Turkmenistan, focusing on critical sectors such as energy, transport, information and communications technology (ICT), and healthcare.
The IsDB, a multilateral financial institution, serves 57 member countries and Muslim communities in non-member countries, promoting inclusive economic growth and sustainable development. In Central Asia, the bank plays a pivotal role in mobilizing resources, enhancing trade, and supporting infrastructure projects that drive long-term prosperity. Turkmenistan, as a key partner, has benefited significantly from the IsDB’s targeted investments.
The IsDB’s portfolio in Turkmenistan includes several transformative projects that address critical infrastructure and social needs:
- TAPI Gas Pipeline Project (US$ 350M): This ambitious initiative supports the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, a regional energy project aimed at enhancing energy security and fostering economic cooperation across borders.
- Bereket-Etrek Railway Project (US$ 371M): This railway development strengthens Turkmenistan’s transport infrastructure, improving connectivity and facilitating trade within the region and beyond.
- Telecommunications Network Enhancement (US$ 273M): This project focuses on modernizing Turkmenistan’s ICT infrastructure, enabling better connectivity, digital innovation, and access to information.
- Healthcare Modernization (US$ 169M).
The IsDB’s investments in Turkmenistan align with its mission to promote sustainable and inclusive development. By prioritizing sectors such as energy, transport, ICT, and healthcare, the bank addresses both immediate needs and long-term growth objectives. These projects not only improve infrastructure and services but also create jobs, boost trade, and enhance the quality of life for communities across the country. ///nCa, 23 April 2025