In accordance with Turkmenistan’s Land Code and Resolution by the President of Turkmenistan No.14668 of 18 March 2016 “On Regulating Land Relations in Turkmenistan”, the President of Turkmenistan signed a Resolution prescribing to allocate for permanent use by the Union of Industrialists and Entrepreneurs a plot of land of 8 hectares, located along the Tehran Street in Ashgabat, to construct a group of buildings consisting of trade and entertainment, business centers, and a modern residential house.
Pursuant to the document, the State Committee for Environmental Protection and Land Resources and the Ashgabat City Administration are prescribed to duly formalize the allocation of the said plot of land.
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The President of Turkmenistan signed a Resolution allowing the Ashgabat City Administration to conclude a contract with Beýik-Bina Individual Enterprise to design and construct a group of buildings consisting of the trade and entertainment, business centers, and a modern residential house along the Tehran Street in Ashgabat; to improve the surrounding territory, roads and pavements, elevated bridges, fountains, children’s playgrounds, artificial man-made channel and green areas leading to the group of buildings.
The document prescribes to begin construction works in April 2018 and commission the facilities fully ready for operation in April 2021.
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