A memorandum on modernizing the Karakum Canal was signed Sept. 15 in Seoul between the State Committee for Water Management of Turkmenistan and South Korean company Daewoo Engineering & Construction on the sidelines of the Turkmen-Korean Business Forum, Turkmen state media reported.Under the memorandum, water management facilities along the 850- to 1,100-kilometer section of the Karakum River are planned to be modernized, while new facilities will also be built. The sides also plan to develop joint work in water management and infrastructure.In a speech at the high-level session of the Turkmen-Korean Business Forum, President Serdar Berdimuhamedov said several South Korean companies, including Daewoo Engineering & Construction, are implementing investment projects in Turkmenistan. Seventeen investment projects involving South Korean companies, with a total value exceeding $12 billion, have been registered in Turkmenistan. President Berdimuhamedov made the statement at a high-level Turkmen-South Korean business forum in Seoul. (ICE İSTANBUL)

Fonte notizia: Business Turkmenistan