Turkish company to build major new port in Turkmenistan Investment
Turkish company to build major new port in Turkmenistan
Turkish construction company GAP, owned by the Çalık Group, will build a port in the city of Turkmenbashi on Turkmenistan’s Caspian Sea coast over four years, Hurriyet reported.
The planned port is expected to create 4,000 new jobs when completed. Turkmenistan had launched the $2 billion project to boost exports of mainly oil products, liquefied gas and textiles.
The project includes the construction of many facilities from port terminals – including one for passenger ships and one for containers – to a ship-building yard.
Turkmenistan President Gurbanguly Berdimuhamedov said the new port would lead to a new level in trade relations between Asia and Europe, making it easier for Europe to access Asian markets.