Foreign direct investment (FDI) in Turkmenistan for 2022 amounted to $936 million, the United Nations Conference on Trade and Development (UNCTAD) informed in its World Investment 2023 report, released on July 5.
According to the report, Turkmenistan ranked 3rd in the Central Asian region by FDI inflows. The country’s FDI inward stock stood at $41.537 million for the reporting period.
Among the major investment projects in extractive industries in 2022, there is a $10 billion investment by ExxonMobil (United States) in a fourth oil production project off the coast of Guyana and a $7.5 billion extension of the oil extraction activity of Emirates National Oil Company (United Arab Emirates) in Turkmenistan.
UNCTAD’s World Investment Report 2023 reveals that global foreign direct investment (FDI) fell 12% in 2022, but investments in renewables have nearly tripled since 2015, which is a good perspective for achieving the Sustainable Development Goals (SDGs).
