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Private Sector’s Share of GDP Reaches 62.2 Per cent
Economy
Private Sector’s Share of GDP Reaches 62.2 Per cent
Published 12.05.2017
1913

Speaking at the session of the Cabinet of Ministers of Turkmenistan, President Gurbanguly Berdimuhamedov placed special emphasis on the progress of reforms in the economic sphere. As mentioned, construction of 1900 major facilities worth 45 billion USD is underway in the country. About 1800 of those are being built by the local construction enterprises. During the four months of 2017, all industrial and social facilities have been commissioned as scheduled. Among those are 441.7 thousand square meters of housing, including homes of higher comfort; recreation and wellness centers; kindergartens and several other projects. The state continues the policy of supporting entrepreneurship and wider involvement of the private sector’s potential and resources in implementing economic changes. As a result of works in this area, the private sector’s share of GDP is growing. Currently this figure is as high as 62.2 per cent. It was also highlighted that modernization of the production infrastructure is underway; market economy is forming; and oil and gas fields are being developed. The construction of the Turkmenistan–Afghanistan–Pakistan–India pipeline continues. Other important projects combining scientific and technological achievements are being implemented as well.

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