Home
\
Economy
\
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
1553

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.

Last news
10.07
Labor Victory of Grain Growers: More than 1 Million 400 Thousand Tons of Wheat Delivered to the Motherland’s Harman
09.07
The latest issue of the journal "Democracy and Law"
08.07
The President of Turkmenistan congratulated the President of the Argentine Republic
08.07
Strengthening food security is a priority area of state policy
07.07
The President of Turkmenistan Held a Working Meeting via the Digital System
07.07
The President of Turkmenistan sent condolences to the President of the United States of America
06.07
New Issue of «Arkadagly Ýaşlar» Magazine Presented to Readers
06.07
Socio-economic progress - a basis of prosperity of the country
05.07
The President of Turkmenistan congratulated the President of the Bolivarian Republic of Venezuela
04.07
The meeting of the Cabinet of Ministers of Turkmenistan
top-arrow