December 9, Monday

Programme of social and economic development of Turkmenistan in 2019 – 2025 includes number of strategic directions, first, structural reformation of industrial sectors and service sphere. Great attention in it is paid to support of high technological production. The main objectives also include the reduction of the state owned facilities by privatization. Speaking at the extended session of the Cabinet of Ministers on February 1 this year, President Gurbanguly Berdimuhamedov noted that the Programme includes changes of the marketing strategy. At the same time, the focus was made on the fact that globalization and integration on international level open big markets of facilities, which allow use dividends from realization of own investment projects comprehensively. According to the approved Programme, power energy, production and processing of oil and gas, electronics, industry, agriculture, transport and communication, tourism sphere are outlined as the main branches of the economy in the next several years. Transit to digital economy is among strategic goals Stable development of national economy on modern stage is based on increment of production in all sectors – industrial, agricultural, construction and service spheres. According to the Ministry of Finances and Economy, it is expected that the growth of the GDP will be 6.3 percent this year. By 2025, this indicator is forecasted to be on 8.2 percent level, increment of the share of service sphere to the GDP up to 45.8 percent, industrial branches – 33.8 percent, construction – 11.5 percent, agriculture 8.9 percent. According to seven- year programme of the country, it is planned to open 289 investment facilities (253 new and 36 reconstructed facilities). At the same time, 273 of them are production facilities. 22 facilities will be put into operation and modernized in fuel and energy sector in 2019 – 2025, which will diversify the activity of oil and gas complex and increase its export capabilities. In ...

Turkmen state news agency