BAKU, Azerbaijan, September 24. Turkmenistan
plans to invest more than 41.2 billion manats ($11.8 billion) in
the country's development by the end of 2026, President Serdar
Berdimuhamedov said.


This was reflected in a press release published by the press
service of the Turkmen government citing the president’s speech at
a meeting of the country’s Halk Maslahaty.


According to the report, the investments will be made under the
country's 2026 socioeconomic development and investment
program.


“The volume of capital investments to be disbursed by the end of
the year for the country’s development under the “Program for the
Socio-Economic Development and Investment of Turkmenistan for 2026”
will exceed 41.2 billion manats, which will create the conditions
for the construction and modernization of industrial and social
infrastructure facilities,” Serdar Berdimuhamedov said.


He outlined the investment policy is a key factor in the dynamic
development of the national economy and that ongoing projects are
strengthening the country's economic potential.







For reference, The Halk Maslahaty of Turkmenistan is the
country's highest representative body. Following the 2023
restructuring of the political system, it operates separately from
the Mejlis and is chaired by Gurbanguly Berdimuhamedov. The body
brings together representatives of central and local authorities,
public organizations and other groups. Its meetings have been used
to discuss major state policy and economic priorities.


Economic issues have featured prominently in previous meetings.
At the November 2022 meeting devoted to the draft 2023 State
Budget, the Halk Maslahaty discussed the country's investment
policy, financial market and currency stability. Proposals included
measures to increase budget revenues through privatization, the
development of the securities market, the transformation of state
enterprises into joint-stock companies and support for
export-oriented manufacturing. The meeting also addressed financing
for industrial enterprises, agriculture and entrepreneurs, as well
as the development of import-substituting production.


At the September 2024 meeting, the economic agenda included the
allocation of state budget funds and the country's investment
priorities. President Serdar Berdimuhamedov said 67.8% of
investments allocated for construction were directed to production
facilities and 32.2% to social facilities. The meeting also covered
the development of education, healthcare, culture and
infrastructure, alongside measures related to the banking sector
and the national currency.


The 2024 meeting also continued the practice of linking the
body's agenda to annual socioeconomic and investment programs.
Earlier that year, its Presidium had considered the implementation
of the 2024 socioeconomic development and investment program, with
these issues subsequently forming part of preparations for the
September session.