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Economy

Ashgabat’s forum signs 7 documents on its first day and prints no sum for any of them

The state portal’s account of the opening day lists 5 memoranda and 2 contracts, among them Damen of the Netherlands twice, for the water authority’s fleet and for the Balkan shipyard to 2036, China State Construction with the railway ministry, Tianjin Bohua with Turkmenhimiya, a Korean telecoms firm and a German contract for Turkmennebit. More than 700 participants heard the finance minister price last year’s GDP at $77.4 billion.

A single taut mooring rope running from an iron bollard on a sand-coloured quay into darkness.

The list is the forum’s only hard output so far, and it comes without a figure. OnU H&C of South Korea signed a memorandum with the Ministry of Communications, and CSCEC International Construction, the overseas arm of China State Construction, one with the Ministry of Railway Transport. The State Committee of Water Management signed with Damen Workboats and Liamol Trading on the water system, the state concern Turkmenhimiya with Tianjin Bohua Engineering on the chemical industry, and the Balkan shipbuilding and repair yard with Damen Technical Cooperation and Liamol Trading on shipbuilding, repair and local production for 2026 to 2036.

Two contracts complete the list: a Turkmennebit agreement with Hybrid Innovation of Germany and a Turkmenhimiya agreement with the domestic firm Turkmen enjam. The portal prints no value, no term and no subject for either, and no total for the day. CAW reported on Thursday that the forum opened with TAPI as the one project the president named, and Lidovsky’s column the same morning counted how such forums are counted.

The list is the forum’s only hard output so far, and it comes without a figure.

The numbers that were spoken belong to the economy. Mammetguly Astangulov, the minister of finance and economy, said GDP had grown by half in five years to $77.4 billion in 2025, that growth runs at 6.3% a year, that inflation in the first half of 2026 was 3.6%, that investment last year passed $12.8 billion and exports reached $11.2 billion, and that trade turnover in 2025 rose almost 11% on 2024. The portal’s own text adds the Halk Maslahaty’s line of 41.2 billion manat of capital investment to be absorbed this year.

The forum drew more than 700 participants from the five Central Asian states, the United States, Britain, Japan, Singapore, Saudi Arabia, Germany, China, France, Azerbaijan, Armenia, Türkiye, South Korea, Switzerland, Malaysia, the Netherlands, Belgium and Qatar, the portal says, and Turkmenistan has held acceding-country status at the WTO since 2022. Foreign speakers were recorded naming the pipelines to China and to Pakistan and India and the power and fibre line through Afghanistan.

Friday’s second day is where the money could appear: a session on diversification with the international financial institutions, a legal conference on investment regulation, and, in a first for a state forum in Ashgabat, a session titled regulation of virtual assets and the introduction of mining technologies. A sum for any of Thursday’s seven documents would be the day’s news.