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The Turkish Ministry of Trade has reported that construction projects valued at $53.3 billion are being implemented in Turkmenistan; signifying Turkey's significant presence in this sector of the country. By comparison, the total value of projects implemented by Turkish contractors in Russia amounted to $102.3 billion, making it the largest market for the Turkish sector, whilst in Kazakhstan, its market share is $29.5 billion. Statistics show that 13.9% of all realized foreign projects are related to the construction of highways, tunnels, and bridges, while 13.8% are for housing; 8.6% for power plants; 7.1% for shopping centers; and 6.6% for airports. In 2024, Turkish contracting companies completed 148 projects abroad worth $11.2 billion, while 433 international projects totaling $28.1 billion were completed last year. The average value of projects increased from $64.9 million in 2023 to $75.7 million in 2024. Following a meeting on September 2, between the National Leader of the Turkmen people, Gurbanguly Berdimuhamedov and Chairman of the Board of Erman Ilydjak, a new shopping center will be built in Ashgabat by Turkish company Rönesans Holding.
During Kazakh Minister of Agriculture Aidarbek Saparov's visit to Turkey on August 12, agreements were signed for Turkish investments of $2 billion in Kazakhstan’s agro-industrial sector and trade in agricultural products Six projects have already been implemented in Kazakhstan with participation of Turkish investors. The imminent launch of a further ten projects totaling $553 million, include the construction of greenhouse complexes, plants for deep processing of wheat and beans, and vegetable storage facilities. Armada Gıda, one of Turkey's leading companies in producing and exporting agricultural products, is to increase the import of lentils from Kazakhstan, while Tiryaki Holding, is to import of 250 thousand tons of Kazakh wheat. According to Minister Saparov, in 2023, the volume of Kazakh-Turkish trade in agricultural products increased by 13%. Kazakhstan has long exported crop products to Turkey and following the abolishment of restrictions in June, Kazakh agricultural producers can now begin exporting livestock products. Minister Saparov stated that Kazakhstan expects a good crop harvest this year and is ready to increase the export of high-quality agricultural products to Turkey.
On July 24, Kazakhstan’s Deputy Minister of Agriculture, Ermek Kenzhekhanuly met managers of the Turkish company Saraylim Tarim to discuss plans for a new vegetable storage facility. A leader in Turkey’s fruit and vegetable storage industry, the company plans to build a 5,000-ton vegetable storage facility in Kazakhstan costing around $15 million. In addition, Saraylim Tarim plans to invest a further $15 million in establishing a vinegar and canned vegetable production facility in the country's Almaty region. According to the Turkish company, the project would be implemented in cooperation with a Kazakh partner and Deputy Minister Kenzhekhanuly has promised maximum assistance from the Ministry of Agriculture.
Turkey is at the final stage of negotiations on an agreement to transit Turkmen gas, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar has announced in an interview with Bloomberg. Bayraktar said that “Turkey is studying the possibility of importing gas from Turkmenistan through a gas swap via neighboring Iran,” adding that a final agreement could be reached during an upcoming visit to Turkmenistan. It is expected that gas supplies from Turkmenistan will be carried through Iran in the amount of 1.5-2 billion cubic meters per year. In addition, the Minister did not rule out the possibility of using the Iran-Azerbaijan gas pipeline to deliver “blue fuel” to Turkey, from where it will be pumped into the Trans-Anatolian gas pipeline (TANAP). In March of this year, Ashgabat and Ankara signed a memorandum of cooperation in the field of natural. In early June, the state oil company of Azerbaijan (SOCAR) and the Turkish state gas company, Botas signed a cooperation agreement to supply Turkmen gas through Azerbaijan and third countries to Turkey.
Turkish Vice President Cevdet Yilmaz has said that Turkmen gas supplies through Turkey will contribute to the country's national welfare and ensure Europe's energy security. This was said during his speech at the informal summit of member states of the Organization of Turkic States (OTS) in Azerbaijan. "The transportation of trans-Caspian resources, especially Turkmen natural gas, to Turkey and Europe will contribute to our national welfare and security. We are pleased with establishing an energy mechanism within the framework of the OTG and the publication of contact projects," Yılmaz said. According to him, the Organization will further strengthen ties between Turkic states as the world's economic centers of gravity change and the importance of Turkic geography increases. "The work that will be done in our countries to develop the Middle Corridor will both strengthen our cooperation and show the global role of the Turkic world," the Vice President emphasized.
On June 26, the President of Uzbekistan, Shavkat Mirziyoyev, received a delegation headed by the Minister of National Defense of Turkey, Yashar Guler, who was in Tashkent on a business visit, the President of Uzbekistan's press service has reported. Considering the agreements reached during Mirziyoyev's high-level visit to Ankara on June 5-6, urgent issues of deepening the comprehensive strategic partnership between Uzbekistan and Turkey were discussed. Prospects for developing military and military-technical cooperation, including strengthening close interdepartmental relations, organizing joint events, training military specialists, and other issues, were discussed. Special attention was paid to strengthening and coordinating cooperation in security and fighting terrorism, extremism, and radicalism. The delegations exchanged views on ensuring peace and stability in the region, including Afghanistan.
