The construction of a higher educational institution of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET) in Ashgabat will start in April this year.
President of Turkmenistan Serdar Berdimuhamedov signed the Resolution on provision of loan to finance the creation of the educational institution to train specialists for Turkmen private sector. The document was made public by the country’s official media on Tuesday.
In accordance with the document, the Central Bank of Turkmenistan is instructed to provide a loan to the Rysgal Joint Stock Commercial Bank for lending to the UIET in order to finance the building of its higher educational institution.
The new educational facility is expected to open in September 2025.
Established in 2008, the UIET is a public organization, which aims to support small and medium-sized businesses in Turkmenistan, to promote the development of the private sector of the national economy and the formation of a modern enterprise infrastructure.