EBRD Highlights €333 Million Investment in Turkmenistan’s Development

Ashgabat, The Gulf Observer: The European Bank for Reconstruction and Development (EBRD) has invested over €333 million in 87 projects across Turkmenistan, with a focus on industrial production and support for small and medium-sized enterprises (SMEs), Eric Livny, head of the EBRD office in Turkmenistan, revealed in a report published by Neutral Turkmenistan on Tuesday.

Since beginning operations in Turkmenistan in 1992, the EBRD has played a pivotal role in modernizing production processes and assisting local companies in accessing regional markets.

Currently, the EBRD manages a portfolio of 15 active projects in Turkmenistan, valued at €22 million. Key priorities include digitizing business processes and enabling companies to meet international quality standards.

A new five-year strategy is being developed in partnership with Turkmen authorities, aiming to enhance the nation’s export potential and improve infrastructure. Promising investment opportunities include renewable energy, water resource management, and the development of the Trans-Caspian transport corridor, a vital link connecting Europe and Asia.

As Central Asia’s largest investor, the EBRD remains committed to fostering sustainable economic growth in Turkmenistan by supporting private sector development and advancing economic modernization.

The EBRD, established in 1991 by 40 countries and two international organizations, currently operates in 34 countries, promoting sustainable development and economic resilience worldwide.