Turkmen-UK Relationship to Grow

oca

On November 24th OCA sent its reporter to attend a trade conference in London, hosted by Turkmenistan-United Kingdom Trade & Industry Council (TUKTIC). According to the organisers the conference was a huge success as there was a very large turn out of companies interested in conducting business in Turkmenistan.

Represented industries varied from oil and gas sectors to consultancy and education. With notable guests such as Lord Coe, Professor Charles Hendry MP and Ambassador Ronald Nash, who chaired the conference, it was clear that the conference was aimed at trying to grow the relationship between the two countries. The Turkmen Minister of Education, Mrs. Gulshat Mammedova, led the delegation from Turkmenistan, bringing with her eight other state officials including the Ambassador of Turkmenistan to the United Kingdom.

As an emerging country in Central Asia with vast resources of oil and gas, Turkmenistan
has long been on the radar of foreign businesses especially British Businesses. The first
trade mission to Turkmenistan was in 1995 just after the country gained its independence.
Many companies within the oil and gas sector have been pursuing business opportunities
in Turkmenistan since then.

The main agenda of the event was to promote cross business ventures in order to help further develop and strengthen the economic relations of Turkmenistan and the United Kingdom. This is in light of the forthcoming 5th Asian Indoor and Martial Arts Games (AIMAG) that will be held in Ashgabat in 2017. This will be the first Open Central Asia Games (OCAG) to be held in Turkmenistan. The 5th AIMAG will take place in the Olympic Village, a multi-purpose sports facility that is being constructed in the capital Ashgabat. The complex will feature 30 venues, and the first phase of construction is estimated
at USD2 billion.

The conference was followed by a reception in the Historic Map Room of the British Foreign Office, where Professor Charles Hendry and Foreign Minister Mrs. Gulshat Mammedova delivered closing speeches and all guests toasted for the future cooperation of both counties. The conference is perhaps a demonstration of the growing success from open door policies under the rule of President Gurbanguly Berdimuhammedov.

By Diana Aulova

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