Turkmenistan attracted credits from the Export-Import Bank of Korea (KEXIM) and other international financial structures for implementation of a number of large investment projects with participation of leading South Korean companies, the Deputy Chairman of Turkmen Government in charge of economic and financial issues Hojamyrat Geldimyradov, announced in his report during the online cabinet meeting hosted by President Serdar Berdimuhamedov on last Friday.During the meeting, the Head of State signed a Resolution on the approval of the Turkmen side of the Intergovernmental Turkmen-Korean Commission on Trade-Economic, which will work to further strengthen the bilateral partnership, identify investment projects to be implemented and enhance attraction of foreign investments and loans.Rahymberdi Jepbarov, Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan (Vnesheconombank), recently announced that during the visit of a delegation led by Gurbanguly Berdimuhamedov, the Chairman of Halk Maslakhaty chamber of the Turkmenistan’s bicameral parliament Milli Gengesh to the Republic of Korea on November 27-29, the Turkmen side and major South Korean companies discussed and signed several agreements on the implementation of new investment projects in gas chemical complex of Turkmenistan.According to Jepbarov, among the considered projects are the construction of a new gas processing plant to produce diesel and naphtha in Balkan Province; construction of new urea plant with a capacity of 1.155 million tons in Balkan province and phosphorus fertilizer plant with a capacity of 300 thousand tons in Lebap province.The sides also discussed and reached agreements on the supply of Korean vehicles, including electric buses and cars. (ICE ISTANBUL)

Fonte notizia: Business Turkmenistan