President of Turkmenistan: investments stand as a key instrument for the development of our economy

Published in Politics
Thursday, 26 September 2019 16:49

Speaking during the meeting of the Halk Maslahaty, President Gurbanguly Berdimuhamedov characterized the paces of socio-economic development of the country in 2019.

“It is expected that over the first nine months of this year, total GDP will make up more than 110 billion manat. The GDP growth rate will be 6.3 percent”, emphasized the President of Turkmenistan.

“The industrial sector also develops steadily. The industry share in the total GDP is 32.6 percent.

“The key tool for the development of our economy through diversification is investments”, the Turkmen leader noted, saying that the volume of investments spent from all sources will make up 29 billion manat (26.2 percent of gross domestic product).

“Over the past period, a number of industrial and social facilities have been erected and put into operation.

“Tremendous work has been done to improve the city of Ashgabat. In a few years, in the northern part of our capital, we will build a modern city, which will include residential buildings, cultural and social facilities, innovative and high-tech institutions that meet the requirements for business or recreational infrastructure.

“On the territory of the Geoktepe etrap, we laid the foundation for the new center of the Ahal velayat. Residential complexes, schools, kindergartens, administrative buildings, the Ruhyet Palace, a drama theater, a library and a museum will be built in this city.

“We will pursue the similar policy in the social sphere in future”, underlined the President of Turkmenistan, emphasizing that the state policy prioritized the concern for the welfare of each citizen of the country.

 

The state news agency of Turkmenistan

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