The President of Turkmenistan makes analytical assessment of 10 years of activity of the UIET

President Gurbanguly Berdimuhamedov met the members of the Union of Industrialists and Entrepreneurs and, having made a speech addressed to the representative of national business, made analytical assessment of 10 years of the activity of this organization and outlines priority targets of national development, in which achievement non-governmental sector of the economy has the key role.

At the meeting, the President gave utterance to new decisions that have been taken to support Turkmen entrepreneurship, signed the documents aimed at further contribution of private structures to the realization of strategic programmes and conferred the state awards to the best representatives of the UIET.

The meeting of the Head of Turkmenistan with the business circles was held in the head office of the UIET with the participation the Chairperson of the Mejlis, members of the Government, ministries, heads of different organizations and mass media, numerous representatives of the Union and the Party of Industrialists and Entrepreneurs.

Having addressed the participants, President Gurbanguly Berdimuhamedov congratulated everyone on the 10th anniversary of the Union of Industrialists and Entrepreneurs of Turkmenistan and on coming opening of the exhibition and the conference.

For the past years, the UIET turned into big non-governmental organization. Today, it unites more than twenty thousand entrepreneurs. The country carries out steadfast work for the development of businessmen associations and support of entrepreneurship initiatives, the Head of the State said, having noted that the share of non-governmental sector of the economy in the GDP has considerably grown for the last years. Not counting fuel and energy complex, it made 62 percent.

Total number of private companies in the country exceeded 18 thousand. It gave work for almost 150 thousand people. For the years of the activity, the Union of Industrialists and Entrepreneurs has invested 15 billion 360 million manats to national economy. This process is successfully continued today.

The President also mentioned the role of the Party of Industrialists and Entrepreneurs that was founded in 2012, which representatives are represented in National Parliament. At present time, the Party nominates the candidates to the Mejlis deputies as well as to the local power authorities, hence actively participating in coming elections on March 25.

The Head of the State made special mention of deserving contribution of the UIET to successful V Asian Indoor and Martial Arts Games in Ashgabat in 2017. Participation of the entrepreneurs on construction of the facilities in white0marbe capital, Avaza National tourist zone and other regions of our beautiful country is also worth special mention, President Gurbanguly Berdimuhamedov said, noting high quality of hundreds of social and industrial facilities. It includes libraries and hotels, shopping and entertainment centres, sports complexes and international airports of original design and many others. The specialists of private companies build and put into operation more than 600 facilities per year.

In addition, the entrepreneurs take part in the development recently established branches of the economy including in in industrial processing of mineral resources using advanced technologies.

The share of private producers in provision of food security is big. They successfully implement the state programmes adopted in this direction, Turkmen leader stated bringing following figures as an example: at present time, 63 percent of agricultural products and more than 60 percent of industrial goods are made by non-governmental branches of the economy. More than 90 percent of the works in trade and service sphere are made by the entrepreneurs.

Quality and environmentally friendly production of local manufacturers is on great demand at foreign markets. The majority of these goods is exported.

The representatives of non-governmental branches gained big experience in quality construction that meets international standards. It opens the perspective for confident entry to international markets, the Head of the State noted, having brought up such examples as the kindergarten in the Republic of Moldova, secondary school in Astrakhan region of the Russian Federation, which have been built by our entrepreneurs.

Speaking of big work carried out by the members of the UIET for the realization of the export capabilities, attraction of advanced world practice and use of various forms of active international cooperation in entrepreneurship sphere, President Gurbanguly Berdimuhamedov listed the opening of the representative offices in the People’s Republic of China, United Arab Emirates and Austrian Republic among the outcomes of this activity.

By the initiative of the UIET, trade representatives and shopping centres have been opened in Xining City, China, capital of Georgia Tbilisi and Afghan Mazar-e-Sherif. All of these support wide attraction of foreign investments to our country, the Head of the State made a conclusion from what was said above.

Turning to the objectives in the nearest future, the President said that the Union of Industrialists and Entrepreneurs has to take leading position in the market economy of Turkmenistan and t become an important mechanism of the provision of deserving level of social and living conditions of the population as well as support successful integration of our independent state to the system of global economy.

The entrepreneurs play special role in innovative energy economy, the Head of the State noted, having encouraged the businessmen to establish high technology facilities using local raw materials.

Our entrepreneurs have to make the facilities for production of import substitutive production and to invest made money to the production that is based in advanced technologies. They also have to be aware of the current situation and tendencies of the market relations and master new branches of the economy.

Having highlighted again the significance of small and medium business in the implementation of large-scale government programmes, President Gurbanguly Berdimuhamedov focused on such important fields of national economy as agricultural complex, construction industry, food and textile spheres, transport, tourism, trade and service.

Introducing advanced technologies and innovative developments, national business has to participate actively in the realization of big urban construction projects, the President said.

We welcome the establishment of joint ventures with foreign partners for the increment of production powers and bringing of national production to the world markets. We create all conditions for active attraction of foreign investments, opening of representative offices ourside the country. The President of Turkmenistan said that the Government would continue rendering comprehensive assistance and paying special attention to further development of the entrepreneurship including modernizing existing legislation stimulating the investment activity of Turkmen companies and organizing the most favourable environment for the entrepreneurship, elaborating and adopting new legal bills.

To support his statement, Turkmen leader informed on the adoption of the State programme on support of small and medium entrepreneurship in Turkmenistan in 2018 – 2024 and the plan of relative activities for this period.

These systematic measures are to support successful realization of the Programme of President Gurbanguly Berdimuhamedov on social and economic development of the country for seven years, the improvement of market bases of Turkmen economy and the expansion of production powers of private sector.

Under loud applauses, the President of Turkmenistan signed the Resolution of adoption of new programmes that is another Government measure for encouragement and stimulation of business community to the growth and opening of the potential. The Head of Turkmenistan made another important information on his decision to entrust the entrepreneurs taking into account their high skill to realize the projects of construction of speed highway Turkmenabat – Ashgabat and potassium fertilizers plant in Gaurdak.

Representatives of local business, who are entrusted with responsible objectives by the President relying on their professionalism and comprehensively supporting their activities, accepted these words with the great enthusiasm.

President Gurbanguly Berdimuhamedov signed the Resolution on allocation of the state credit finances to the Union of Industrialists and Entrepreneurs for the realization of the above-mentioned projects, what was another evidence of huge attention that is paid in our country to the formation of strong competitive and socially responsible business and creation of the most favourable environment for tis development.

According to the documents, the Central Bank of Turkmenistan will allocate the credit to the amount of 2 400 000 000 US dollars to the UIET through Rysgal Joint Stock Commercial Bank for 2 years with 1 percent of the interest and five year grant period for the financing of the construction of high speed highway Ashgabat – Turkmenabat.

The credit to the amount of 600 000 000 US dollars for 11 years with 3 percent interest and 4 years of grant period will be allocated for the financing of the construction of mining and ore dressing complex for production of potassium fertilizers at Tubigatan potassium deposit in Lebap Velayat.

In addition, having signed relative documents including on the construction new facilities in Ashgabat by the members of the UIET, the Head of the State approved the proposal on the establishment of the fund of small and medium entrepreneurship support in the country as well as approved the list of certain industrial and construction goods, which are subject to the custom duties when imported to Turkmenistan, and the rates of such duties.

After, the President made another important statement on hand over of Avaza National tourist zone to the jurisdiction of the Union of Industrialists and Entrepreneurs of Turkmenistan.

This fundamental decision of the Head of the State was greeted with loud applauses. In fact, it means the beginning of active stage in the development of young resort on Turkmen coast of Caspian Sea. Today, when initial period of the establishment of National tourism zone, which is under closer patronage of the State, has been successfully completed, this grandiose project initiated by the Head of the State has entered new level of growth and, while trusting such large-scale and remarkable work to the UIET, the President of Turkmenistan is looking forward to high efficiency of this measure in near- and long-term perspective

According to Turkmen leader, this are the flexibility and mobility of business, its subtle feeling of market situation, fast learning, energy and imitativeness, which are necessary for current changing economic realities in order to make fast move forward and to make raise to new development. The state has taken all necessary measures for this; it gives green light to the bravest plans and initiatives under such considerable and priceless support rendered by President Gurbanguly Berdimuhamedov.

After, the Head of the State announced that highly appreciating the input of the entrepreneurs to the development of the economy, he decided to confer the State awards to the most deserving businessmen.

Having given the floor to Chairperson of the Mejlis A. Nurberdiyeva who read out relative Resolution, President Gurbanguly Berdimuhamedov presented the state awards to the representatives of the UIET who achieved the most considerable results.

Heads of private companies and associations «Ussat-Inžener», «Aktab», «Batly-Gadam», «Erada», «Hilal», «Baýly-Gurluşyk», «Altyn Gala Gurluşyk», «Abraýly önüm», «Eziz-Dag», «Altyn hojalyk», «Hasar» and «Parasatly» were awarded with the medals of Turkmenistan «Watana bolan söýgüsi üçin» for large success in the consolidation of the independence and sovereignty of Turkmenistan and increasing of economic power of the country.

On behalf of the members of the UIET, Chairman of the Union A. Dadayev addressed the Head of the State, having expressed deep gratitude for the attention and care indicated by the personal congratulation of the Head of the State on the 10th anniversary of the foundation of the organization. This was unforgettable moment and historical event in life for Turkmen entrepreneurs. For the first years from its foundation, the UIET has united 500 members, which started the arrangement of the activity in different branches of national economy. In that period, the share of the entrepreneurship in the economy was less than one percent while today, it exceeds 60 percent. It all became possible in the result of steadfast efforts and support of President Gurbanguly Berdimuhamedov, due to which national entrepreneurship activity is rapidly developing.

Directing initiatives, valuable proposals of Turkmen leader has brought private sector of the country to the way of harmonic development. The Head of the UIET said addressing the Head of the State: “we accept the success achieved by Turkmen entrepreneurs as your personal merits”.

Toady, with the growing activity in all branches of the economy, national business started actively participating in social and political life of the country; political party of Turkmen entrepreneurs has been established.

The representatives of private sector work hard putting all efforts to justify high trust of the President, the Chairman of the UIET continued, having assured that all set objectives would successfully fulfilled.

Efficiently using the capabilities created by the State, Turkmen entrepreneurs enter international level mastering modern technologies of production and marketing. National Barcode Organization was created with the participation of the UIET. The barcode of the production made in Turkmenistan actively operates in the world markets. At present time, it is planned to open national laboratory for ISO certification that is the guarantee of the competiveness of goods in foreign markets.

Equipment and material base of Turkmen business, infrastructure of private production sector provided with the most advanced equipment from foreign manufacturers are improved. Recently, large administration, business and shopping complex comprising of around 100 buildings and built by Turkmen entrepreneurs has been opened in the north of Ashgabat.

Having noted again that such large-scale development of the entrepreneurship in the country became possible as the result of the huge support of President Gurbanguly Berdimuhamedov, the Head of the UIET expressed the gratitude for the attention and the conditions made on government level for active entering of Turkmen businessmen to the world markets and said on the presentation of beautiful ahalteke horse Gorelde to Turkmen leader on behalf of the members of the Union, having handed over relative pedigree certificate.

Finishing the meeting and giving good encouragements to young and mature businessmen, experienced private producers and those who just started their business, the Head of the State highlighted that the entrepreneurship has all capabilities today for further development of our country that goes along the way of democratic reforms and social and economic transformations.

“Therefore, we expect new successes from you in all spheres of activity and the improvement of economic potential of our Mother land!” - The President said.

The Head of the State expressed his confidence that international cooperation would receive more development and the solidarity of our people will be strengthened in the year under the slogan “Turkmenistan is the heart of the Great Silk Road”. The Head of the State cited immortal and prophesy words of the great poet and thinker Magtumguly Fragi about beautiful future of Turkmen state and that the fortune of Turkmen nation would be raised only by the solidarity.

So it will be – our friendly nation is waited by the good future and it will achieve the great successes. So it has to be as we have chosen the right way of the development. We confidenty move forward along this way. We have to make more decisive steps forward and forward! – The President of Turkmenistan called upon.

Having congratulated again on the 10th anniversary of the Union of Industrialists and Entrepreneurs, President Gurbanguly Berdimuhamedov wished everybody strong health, family happiness and great success in work.