The Asian Development Bank (ADB) and the Government of Turkmenistan are discussing the second phase of expanding the national 500-kilovolt power grid and preparing a power grid development master plan. Among potential investment areas, ADB highlights solar and wind energy, battery energy storage, digital infrastructure, and the modernization of gas-fired power plants. This was … [Read more...]
OGT 2026: IFRS 9, Project Finance and Sanctions Screening – How Turkmenistan’s Banks Support Oil and Gas Projects
Financial institutions play a crucial role in driving the modernization and industrial diversification of Turkmenistan’s oil and gas sector by mobilizing both domestic and international resources. This was emphasized by Rahymberdi Jepbarov, Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan, during the panel session "Gas Monetisation, … [Read more...]
UAE Energy Giants Reaffirm Long-Term Strategic Partnership with Turkmenistan at OGT 2026
At the International Oil and Gas Conference of Turkmenistan (OGT 2026) in Ashgabat, senior executives from leading United Arab Emirates energy companies—ADNOC and Dragon Oil—underscored their commitment to expanding long-term investments, deepening infrastructure collaboration, and unlocking the country's vast hydrocarbon potential. ADNOC The energy cooperation … [Read more...]
OGT 2026: Malaysia and Petronas Seek to Deepen Long-Term Energy Partnership with Turkmenistan
Malaysia and its national energy company Petronas are looking to expand their long-standing partnership with Turkmenistan, focusing on new investments, offshore development, technology transfer and stronger regional energy connectivity. Speaking at the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2026) in Ashgabat, Malaysian Economy … [Read more...]
Growth Strategy and New Horizons for the Energy Sector: Key Points from Turkmegaz head’s Address at OGT 2026
The 31st International Conference and Exhibition “Oil and Gas of Turkmenistan – OGT 2026” in Ashgabat hosted a plenary session focused on the future of global energy, projects and technologies. The keynote address was delivered by Maksat Babayev, State Minister of Turkmenistan and Chairman of the State Concern Turkmengas. He outlined the key priorities for developing the … [Read more...]
Turkmenistan Expands Its Energy Potential: Key Oil and Gas Projects at OGT 2026
The international conference Oil and Gas of Turkmenistan – 2026 (OGT 2026) is taking place in Ashgabat. Speaking at the opening plenary session, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Guvanch Agajanov outlined the main achievements and strategic priorities of the country’s fuel and energy sector. Developing the Giant Galkynysh Gas Field The phased … [Read more...]
Central Asia’s Aviation Boom: Inside the Region’s Post-Pandemic Skyward Surge
Central Asia is rapidly turning into one of the world's fastest-growing air transport hubs. Driven by dynamic demographic trends, strong economic expansion, and strategic geopolitical shifts in global trade, the aviation sector across the five Central Asian states—Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan—has outpaced global recovery rates following the … [Read more...]
Malaysia’s Economy Minister to Lead 20+ Company Business Delegation to OGT 2026
Malaysia’s Minister of Economy, Tuan Haji Akmal Nasrullah bin Mohd Nasir, will lead a high-level government and business delegation to Ashgabat for the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan – OGT 2026”, taking place on 21–23 October. The delegation will include representatives of more than 20 Malaysian companies, creating new opportunities … [Read more...]
Documents signed during TIF 2026
Here is the list of documents signed during the TIF 2026, 1-2 October 2026, Ashgabat, from the information gathered from open sources: Communications & Digital Infrastructure Heavy Transport & Railway Infrastructure Water Resource Engineering & Dredging Maritime Logistics & Localized Shipbuilding Industrial Chemicals & Plant … [Read more...]
From Virtual Assets to International Arbitration: Day Two of the Turkmenistan Investment Forum 2026
On 2 October, the Turkmenistan Investment Forum 2026 in Ashgabat focused on new investment instruments, digital technologies and legal mechanisms for business. Key topics included virtual assets and mining technologies, fintech, artificial intelligence, green transformation, and the first Legal Forum on Investment. The second day of the Forum opened with a substantive … [Read more...]
Turkmenistan Investment Forum 2026 — Comprehensive Report on the First Day
Overview The third edition of the Turkmenistan Investment Forum (TIF 2026) opened in Ashgabat on 1 October at the Ýyldyz Hotel, beginning a two-day programme intended to connect Turkmen government institutions and businesses with international investors, financial institutions, development banks and technology companies. The forum is organised by the Ministry of Finance … [Read more...]
TIF 2026 starts in Ashgabat – Turkmenistan showcases investment opportunities
The Turkmenistan Investment Forum (TIF 2026) started Thursday morning in Ashgabat. The plenary session started with the address of President Serdar Berdimuhamedov, read by Hojamyrat Geldimyradov, Deputy Prime Minister for Economy, Finance and Banking. nCa has already published the essence of the presidential address, available at these links: The plenary session … [Read more...]
TIF 2026 — Why Ashgabat’s Milestone Forum is a Turning Point for Central Asian Connectivity
Tariq Saeedi, Elvira Kadyrova, and Liliya Zhirnova As the Turkmenistan Investment Forum (TIF 2026) opens its doors in Ashgabat today, it marks more than just a gathering of global capital. Coinciding with the landmark celebrations of Turkmenistan's 35th anniversary of independence, this forum represents a profound geopolitical and macroeconomic pivot. For a country … [Read more...]
Turkmen President’s Message to Investment Forum in Ashgabat, Pointing to Industrialization, Digital Economy and Regional Gas Link
Turkmenistan's President Serdar Berdimuhamedov addressed participants of the Turkmenistan Investment Forum, which opens in Ashgabat today, presenting it as a platform for dialogue with foreign investors, international financial institutions, government bodies and the private sector. The forum is being held under the official 2026 slogan "Independent Neutral Turkmenistan – … [Read more...]
First TIF 2026 Participants Arrive in Ashgabat: The Forum Begins with a Journey into Turkmenistan’s History
The first international participants of the Turkmenistan Investment Forum 2026 (TIF 2026) have already arrived in Ashgabat. With only a few hours to go before the opening of the business programme, their introduction to Turkmenistan begins with a rich cultural programme. The first stop will be Old Nisa, an ancient Parthian fortress and one of Turkmenistan’s most important … [Read more...]
Ashgabat Takes Its Economic Agenda to the Global Stage as TIF 2026 Opens on October 1
Ashgabat will become a meeting point for global capital. On October 1–2, the Turkmenistan Investment Forum 2026 (TIF 2026) will take place in Ashgabat, bringing together representatives of business, government institutions and international financial organisations from more than 45 countries. The Forum will be held at the Ýyldyz Hotel in the year marking the 35th anniversary … [Read more...]
The Way Forward: Navigating the Next Era of the Korea-Central Asia Partnership
Elvira Kadyrova and Tariq Saeedi The conclusion of the historic, first-ever Korea-Central Asia Summit in Seoul marked a definitive structural shift in Eurasian diplomacy. While initial global coverage rightly focused on the immediate deliverables of the Seoul Declaration—including the institutionalization of biennial summits and the blueprint for South Korea’s "K-Silk … [Read more...]
Korea and Central Asia to Hold Summits Every Two Years: Seoul Declaration Adopted
The presidents of the Republic of Korea and the five Central Asian countries — Turkmenistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan — adopted the Seoul Declaration, outlining long-term areas of cooperation and a new institutional framework for engagement between the sides. The document was adopted in Seoul on September 16 following the first Korea–Central Asia … [Read more...]
Trade, Critical Minerals and Infrastructure: Korea and Central Asian Countries Sign 19 MoUs at First Business Summit
Elvira Kadyrova South Korea and the five Central Asian countries have agreed to expand business cooperation in trade and investment, critical minerals, energy, infrastructure and logistics. The agreements were reached at the first Korea–Central Asia Business Summit, held in Seoul on 16 September 2026. According to the Korean Ministry of Trade, Industry and Resources, the … [Read more...]
Turkmenistan and Japan Prepare Package of Documents Ahead of December Meeting of Economic Committees
Turkmenistan and Japan are preparing a package of documents to be signed following the meeting of the Turkmen-Japanese and Japanese-Turkmen Committees for Economic Cooperation. According to the Ministry of Foreign Affairs of Turkmenistan, during a videoconference on Wednesday, 26 August, Minister of Foreign Affairs Rashid Meredov and Hiroyuki Tsubai, Chairman of the … [Read more...]
Startup Culture and Central Asia
Startup culture, in its classic form, is a set of working habits — flat hierarchies, fast iteration, generalist roles, and a tolerance for failure — that grew out of Silicon Valley's need to build new things quickly under conditions of extreme uncertainty. It is often defined against "corporate culture," which prizes stability, process, and risk avoidance over speed and … [Read more...]
Turkmenistan and EBRD Open New Chapter of Partnership: Package of Strategic Memorandums Signed in Ashgabat
Cooperation between Turkmenistan and the European Bank for Reconstruction and Development (EBRD) is reaching a qualitatively new strategic level. Talks held on Tuesday in Ashgabat between Minister of Foreign Affairs of Turkmenistan Rashid Meredov and EBRD President Odile Renaud-Basso culminated in the signing of a solid package of bilateral documents setting the direction of … [Read more...]
Central Asia demonstrates positive dynamics in FDI inflows
Central Asia is considered as one of the subregions of developing Asia, demonstrating positive dynamics in foreign direct investment (FDI) inflows, according to the World Investment Report 2026 by UN Trade and Development (UNCTAD). Key findings for the region: Overall trends: FDI inflows to Central Asia increased from $4 billion to $5 billion in 2025. The region … [Read more...]
Developing Asia leads investment among developing regions as patterns shift within the region
Key takeaways Geneva, Switzerland, 7 July 2026 Developing Asia remained the world's largest destination for foreign direct investment (FDI) among developing regions in 2025. But the region's significance increasingly lies not only in the volume of investment it attracts, but also where within the region that investment is going. That shift matters for … [Read more...]
Global investment rises 6% to $1.6 trillion, but development gains remain uneven
Key takeaways Geneva, Switzerland, 7 July 2026 Global foreign direct investment rose 6% to $1.6 trillion in 2025, ending two years of decline, but the recovery remains narrow, fragile and uneven, according to the World Investment Report 2026 by UN Trade and Development (UNCTAD). Inflows to developed economies rose 11%, while developing economies … [Read more...]
EBRD finances first large-scale refractory concentrate processing facility in Central Asia
Anton Usov The European Bank for Reconstruction and Development (EBRD) is contributing to the development of sustainable and ecologically responsible mining and processing in Kazakhstan by supporting the operations of its long-term client Solidcore Resources (SR), an AIFC-listed company and the country’s leading gold producer. The EBRD will provide a loan of up to US$ 300 … [Read more...]
Eurasian Development Bank Eyes Major Expansion with 11 Potential New Members
The Eurasian Development Bank (EDB) is moving toward a significant broadening of its membership, with the bank's Council having approved the potential addition of 11 countries, EDB Chairman Nikolay Podguzov announced at the institution's annual meeting and business forum. The prospective new members span a wide geographic arc, encompassing Mongolia, Azerbaijan, Georgia, … [Read more...]
Meeting held at the MFA with the Head of the EBRD Representative Office in Turkmenistan
On 18 June 2026, a meeting was held between the Minister of Foreign Affairs of Turkmenistan, Rashid Meredov and the Head of the European Bank for Reconstruction and Development (EBRD) Representative Office in Turkmenistan, Eric Livny. During the meeting, the sides discussed current issues related to strengthening cooperation between Turkmenistan and the EBRD. The … [Read more...]
King’s Turkmenistan Diplomacy Delivers E640 Million Factory, 200 Jobs for EmaSwati
MBABANE – A diplomatic mission led by His Majesty King Mswati III to the Central Asian nation of Turkmenistan has delivered a major economic victory for Eswatini, paving the way for a E640 million manufacturing investment that is expected to create at least 200 jobs and strengthen the country’s industrial sector. In what government officials are describing as one of the … [Read more...]
nCa Special Report – Turkmenistan Iodine Industry Report
Just released – Turkmenistan Iodine Industry Report Turkmenistan stands at a strategic inflection point in the global iodine industry. The country currently produces approximately 500–525 metric tons of iodine annually — ranking it among the world's top producers — yet its participation in value chains remains almost entirely confined to the low-margin sale of … [Read more...]
Success and Plans Ahead: Global Industrial Giants at the Panel Discussion of the “White City Ashgabat 2026” Conference
As part of the “White City Ashgabat 2026” international conference, a key panel discussion was held focusing on industrial development, materials, and supply chains in construction. The session featured high-ranking representatives from world-renowned mega-corporations and companies that have notched up several decades of successful operations in Turkmenistan. These include … [Read more...]
Ashgabat–2045 Strategy: Billion-Dollar Investments Transform the Infrastructure and Appearance of Turkmenistan’s Capital
Ashgabat, 24 May 2026 — Large-scale plans for the socio-economic and infrastructural development of Turkmenistan’s capital were announced, and key results of the state investment program were outlined during the ongoing international conference "White City Ashgabat 2026." The capital of Turkmenistan continues its large-scale transformation under the "Ashgabat–2045" … [Read more...]
Turkmenistan signs a package of documents with foreign partners at the “White City Ashgabat 2026” forum
The first day of the "White City Ashgabat 2026" international exhibition and conference culminated in a significant practical result: Turkmenistan signed a solid package of documents with foreign partners aimed at expanding infrastructure and investment cooperation. 11 documents cover three strategic areas: digital energy, heavy industry, and the large-scale development of … [Read more...]
Venture Capital’s Paradox Quarter — And What It Means for Central Asia
nCa Report Venture capital in the first quarter of 2026 delivered one of the most striking — and somewhat paradoxical — periods in the industry's history. On the surface, it was a boom. Underneath, it was far more uneven. A record-breaking quarter Global VC investment more than doubled from $128.6 billion in Q4 2025 to a record $330.9 billion in Q1 2026, fueled by an … [Read more...]
Enormity of Scale Is a Powerful Magnet for Partnership with China
Tariq Saeedi Introduction In the annals of modern geopolitics, few phenomena have reshaped the global order as quietly yet decisively as China's emergence as the partner of choice for a large swath of the developing world. This is not primarily a story of ideology, military alliances, or soft-power seduction — it is, at its core, a story of scale. China's capacity to … [Read more...]
EDB: China’s FDI stock in Central Asia has increased over ten years to US $35.9 billion
The Eurasian Development Bank (EDB) has released its second report under the flagship Monitoring of Mutual Investments project. The paper focuses on China, the Eurasian region’s leading investment partner in 2025, and shows that Chinese investment in the region continues to grow steadily despite the global decline in FDI flows. Over the past ten years, this investment has … [Read more...]
Mutual investment in the Eurasian region reached a record US $48.4 billion: a new report by the EDB
The Eurasian Development Bank (EDB) has released the report as part of its flagship project Monitoring of Mutual Investments. New data show that investment activity in the Eurasian region continues to expand despite the global decline in foreign direct investment (FDI). Mutual FDI between the region’s countries reached a record US $48.4 billion at the end of the first half … [Read more...]
OPEC Fund Has Invested Heavily in Central Asia, Kazakhstan Official Says
The OPEC Fund for International Development, a multilateral lender owned by OPEC member states, has directed more than $1.4 billion to development projects across Central Asia over the past 20 years, Kazakhstan’s first deputy minister of national economy, Azamat Amrin, told lawmakers this week. The figure emerged during parliamentary debate on ratification of a framework … [Read more...]
Trade, Tourism, Investment: Turkmenistan and Iran Discuss Diversifying Partnership
In recent days, key meetings at the diplomatic and regional levels have been held in Turkmenistan and Iran, aimed at deepening bilateral relations. The parties discussed expanding trade, economic, cultural, humanitarian, and tourism cooperation, including new initiatives to facilitate travel, investment, and joint projects along the Silk Road. On 5 November, Deputy Foreign … [Read more...]
CIET 2025 Concludes in Avaza: Innovation, Investment and Confidence in Turkmenistan’s Vision
Avaza, 5 November 2025.The International Conference and Exhibition “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan”– CIET 2025 has successfully concluded in the National Tourist Zone Avaza, affirming Turkmenistan’s growing role as a centre of industrial modernization, sustainable construction, and clean-energy innovation in Central … [Read more...]
Mitsubishi Heavy Industries strengthens its strategic partnership with Turkmenistan as Platinum Sponsor of CIET 2025
The Organising Committee of the International Conference & EXPO “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan” 2025 is honoured to announce that Mitsubishi Heavy Industries, Ltd. will participate as a Platinum Sponsor of the upcoming forum, to be held on 3–4 November 2025 in the national tourist zone of Awaza. Founded on 7 July … [Read more...]
TOYO Engineering Strengthens Strategic Partnership with Turkmenistan as Gold Sponsor of CIET 2025
The Organising Committee of the International Conference & EXPO “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan” 2025 is honoured to announce that TOYO Engineering Corporation will participate as a Gold Sponsor of the upcoming forum, to be held on 3–4 November 2025 in the national tourist zone of Awaza. Founded in 1961 in Japan, … [Read more...]
Dost Gurlushyk Sowda Önümçilik HJ, Rysgally Zahmet, Energy China, Ajayyp Gurlushyk, Gerchek Yashlar, and CAI Interbudmontazh — Bronze Sponsors of CIET 2025
The Organising Committee of the International Conference & EXPO “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan” (CIET 2025) is proud to announce that Dost Gurluşyk Sowda Önümçilik HJ, Rysgally Zahmet, Energy China, Ajayyp Gurluşyk, Gerçek Yashlar, and CAI Interbudmontazh will participate as Bronze Sponsors of the forum, to be held … [Read more...]
Ak Bulut and Aýdyň Gijeler — Gold Sponsors of CIET 2025
The Organising Committee of the International Conference & EXPO “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan” (CIET 2025) is proud to announce that Ak Bulut and Aýdyň Gijeler will join the forum as Gold Sponsors. The event will be held on 3–4 November 2025 in the Awaza National Tourist Zone. Ak Bulut is a leading Turkmen … [Read more...]
Fourth Session of CIET 2025: Implementing Innovations and Training Young Specialists for Turkmenistan’s Economic Sectors
The concluding fourth session of the International Conference and Exhibition CIET 2025 in Avaza focused on “The Importance of Integrating Modern Innovative Technologies in the Construction, Industrial, Chemical, and Energy Sectors, and Developing a Skilled Young Workforce.” Participants discussed strategic approaches to digitalization, “green” technologies, and integrating … [Read more...]
Third Session of CIET 2025: The Role of Public-Private Partnership in Developing Key Sectors of Turkmenistan
On 4 November 2025, in the National Tourist Zone “Avaza,” the third session of the International Conference and Exhibition CIET 2025 took place: “The Role of Public-Private Partnership in Advancing the Construction, Industrial, Chemical, Energy, and Road Infrastructure Sectors.” Participants discussed PPP mechanisms as a driver for attracting investment, import substitution, … [Read more...]
Second Session of CIET 2025: Innovation, Diversification, and Sustainable Partnership in Turkmenistan’s Construction and Industrial Sectors
The second day of the International Conference and Exhibition “Development of Construction, Industrial, Chemical, and Energy Sectors of Turkmenistan” (CIET 2025) continued discussions on key areas of the country’s economic development, focusing on innovation, partnership, and sustainable growth. Participants on the second day included representatives of government agencies, … [Read more...]
CIET 2025 Highlights Growing Italian Interest: SACMI Reaffirms Commitment to Turkmenistan’s Sustainable Industrial Development
On November 4, 2025, during the second day of the International Conference & EXPO “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan” (CIET 2025), Miquel Pulpito, Chief Representative of SACMI Imola for the Russian Federation and Central Asia, delivered his presentation. The conference, held in Ashgabat, brought together … [Read more...]
CIET 2025: Turkmenistan Signs MoUs with Companies from UAE, China, Japan, and Germany in Energy, Chemical, and Construction Sectors
The first day of the International Conference "Development of the Construction, Industrial, Chemical, and Energy Sectors of Turkmenistan" (CIET 2025) in the Awaza National Tourist Zone was marked by the signing of a number of bilateral documents. The Ministry of Energy, the State Concern "Türkmenhimiýa," and the Ministry of Industry and Construction Production of … [Read more...]
CIET 2025 in Awaza Highlights Turkmenistan’s Industrial Transformation and Global Partnerships
Awaza, Turkmenistan | 3 November 2025 Turkmenistan opened the International Conference and Exhibition “Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan”– CIET 2025 in the Caspian resort city of Awaza, welcoming over 1,080 delegates from 55 countries. Under the theme “Smart Construction. Clean Energy. Resilient Future.”, the event … [Read more...]