AGP Executive Report
Last update: 7 hours agoCIET 2026: Ashgabat’s construction, industrial, chemical and energy forum opened Nov. 3, drawing more than 800 delegates from 60 countries. Fourteen first-day memorandums with companies from nine countries cover areas including construction technology and industry. Industrial Investment: Daewoo E&C is building a $682 million fertilizer complex in Turkmenabat, designed to produce 350,000 tonnes of single superphosphate and 100,000 tonnes of ammonium sulphate annually. Completion is scheduled for 2028. Technology Partnerships: President Serdar Berdimuhamedov met Toyo Engineering CEO Eiji Hosoi to discuss expanding industrial cooperation, building on the Japanese company’s role in the Kiyanly petrochemical complex. A separate tripartite memorandum with Malaysia’s Bitdeer and three Turkmen ministries was signed at CIET; its scope has not been disclosed. Trade Links: Turkmen and German officials discussed potential projects in industry, energy, agriculture and logistics, while talks with Austria also focused on expanding economic cooperation.
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