Modernization, digitalization, diversification: a projection of economic growth

Exhibition of Economic Achievements of Turkmenistan has been opened and work of the conference “Digital Economy – Important Factor of Economic Development” has started in Ashgabat. Both events are timed to the 29th anniversary of independence of the country.

Members of the Parliament and Government, representatives of diplomatic corps, ministries and departments, public organizations and mass media took part in the opening ceremony. Greeting message of President Gurbanguly Berdimuhamedov to the participants of the forum has been read out during the ceremony.

This year, more than 70 exhibitors including dozens of companies and firms, representatives of individual entrepreneurship demonstrated their potential, high quality of production and wide range of services.

The main sector of national economy, fuel and energy complex, is presented in profile section. Thematic concept of exhibition halls of the State concerns Türkmengaz and Türkmennebit, Turkmenbashy Refinery Complex reflects the main stages of implementation of grandiose projects like development of Galkynysh gas field and production of sale purified gas, construction of transnational Turkmenistan – Afghanistan – Pakistan – India gas line as well as allows assessing perspectives of developed oil and gas deposits as well as those, which are currently under development, existing and future routes of gas export, potential of subsoil deposits of other natural resources.

Exposition section of the State Concern Türkmenhimiýa presents the dynamics of growth of chemical industry in production of mineral fertilizers petrochemical commodities, construction materials, industrial processing of underground iodine and bromine waters, brine of Garabogazgol bay and other.

One of the sections introduces the course of construction of facility for production of potassium fertilizers (potassium chloride and potassium sulphate), combined fertilizers, technical carbon, ethyl alcohol. At present time, start-ups for production of caustic and calcined soda, chlorine, hydrochloric acid, sodium sulphate ad other chemical products from local natural and mineral resources are under developments.

One of the goals of current review is to attract investments for implementation of perspective projects. In chemical industry, these are the facilities for production of liquefied gas, carbamide and ammonia from natural gas, graphite electrodes.

Displays of Türkmenawtoulaglary, Türkmendemirýollary, Türkmenhowaýollary, Türkmendeňizderýaýollary, Türkmenaragatnaşyk Agencies demonstrate aspects of implementation of program reforms in transport and communication sphere, establishment of combined system of transport communications with entry to large international and regional sea, motor, railway and air hubs.

Separate section is dedicated to road construction. Highways, bridges, flyovers, intersections, which require efficient engineering and technical solutions and application of advanced technologies, are built in the country. Therefore, displays of the companies specialized in construction of these facilities attracted the interests of the visitors. Logistic companies, which work receives special importance in the context of implementation of major international projects, have also been represented at the exhibition. Many of the companies present their capabilities in transportation of oversized cargo using digital technologies.

Dynamics of growth of national construction industry is on the displays of profile organizations as well as big facilities producing tile stone, cement, bricks, panels, non-ore construction materials, pipes, metal works, decoration, paint, insulation materials, electrical and plumbing production.

One of the leading export oriented branches of the economy, the Ministry of Textile Industry has presented wide variety of cotton and silk fabrics, sewing and knitted products. Artistic ornamental carpets, jewellery, embroidery, painted ceramics, souvenirs are also demonstrated at the exhibition.

Displays of the Ministry of Health Protection and Medical Industry introduce pharmaceutical production, various medical appliances, medical protective suits and masks, innovative developments.

Exhibition section of the administration of the capital reflects modern concept of development of Ashgabat, which is based on ecological, cultural, aesthetic and innovative vector of the formation of living environment and architectural landscape of the city.

Exhibition halls of agricultural complex present rich variety of production cultivated in agricultural fields and hot house farms. Bakery, confectionary, meat and dairy products, juices and drinks, canned and frozen vegetables and fruits as well as honey are also presented on the displays.

Representatives of private sector take better stronger positions in various production spheres. Local entrepreneurs and producers specialized in different spheres from agricultural and food industry, textile and furniture production, printing to construction of modern residential complexes and industrial facilities. Presentation of capabilities of members of the UIET in implementation of the Concept of digitization was one of specific feature of the review.

Display of Turkmen State Publishing Service introduces the development of printing in the country. The display also reflects the achievements of the country in humanitarian sphere including in science and education. The displays of the Academy of sciences demonstrate technological innovations as well as historical artefacts.

Organizations and companies, which take part in number of joint projects in urban construction spheres and industry as well as in development of road and transport infrastructure, are among foreign exhibitors.

It includes Gap Inşaat, Sumitomo Corporation, Çalik Enerji Sanayi ve Ticaret A.Ş, which demonstrate innovative developemnts related to efficient municipality management including such directions as construction of faciltieis and roads, active leisure industry and other.

Scientific and practical conference “Digital Economy – Important Factor of Economic Development”, which was organized by the Ministry of Finances and Economy of the country, has started its work in the afternoon.

It was highlighted at the opening ceremony that digitization is a fundamentally new stage for national economy, transit to which is possible only with well-thought and scientifically grounded strategy of President Gurbanguly Berdimuhamedov in the sphere of social and economic development, which provided stable dynamics of growth and minimization of risks provided by external factors.

During the forum, the participants have listened to the reports about development of digital economy in Turkmenistan, role of digitization in the system of social protection, modernization of national statistics and technological diversification, education system. The participants have exchanged the opinions on definition of perspectives of investment activity, import substitutive production, development of scientifically based and high technological production facilities, in particular the development of electronic industry.

It was mentioned that flexible re-distribution of financial resources between various spheres of the economy would support to solution of social objectives and support of stability of the economy, gradual transit of all branches to innovative platform.