Turkmenistan opens $2.3bn airport in Ashgabat

By bne IntelliNews September 19, 2016

Turkmenistan has launched a new international airport in the capital city of Ashgabat, the government said in a statement on September 17.

During the opening ceremony, the Turkmen President Gurbanguly Berdimuhamedov noted the airport’s significance for the country’s transit potential. However, the main purpose of the new airport is tied to the country’s preparations to promote itself during the Asian Olympic Games, which will be held in Ashgabat in 2017. The games and the new airport can be seen as one of the small steps towards the president’s goal to gradually open up the isolated Central Asian country to the world.

Few foreigners get to visit the country because of strict visa regulations. Only 105,000 tourists visited the country in 2015, government figures show.

The airport has an annual capacity to process 14mn passengers, the government said. Construction costs amounted to $2.3bn, according to a report by BBC

The new airport, designed to replicate the shape of a soaring falcon, will be a great fit to the capital city which already boasts several other unique structures, including a publishing house in shape of an otheropen book. The city also has two giant golden statues of both Berdymukhamedov and his late predecessor Saparmyrat Niyazov.

Overall, Berdimuhamedov has been slightly more open than his predecessor, who preferred to stick to strict authoritarianism and isolationism until his death in 2006. According to opposition-run news website chrono-tm.org, Berdimuhamedov has reversed several of Niyazov’s policies by restoring pensions for more than 100,000 elderly citizens, lifting a ban on graduate programmes and supporting the attendance of foreign universities by Turkmen youth.

Related Articles

World Bank improves Eurasian growth forecasts

Eurasian economies are set for a modest recovery next year with growth projected to accelerate to 3.3% in Central Asia from 2.0% expected for 2016, the World Bank said in a new report released on ... more

Eurasian growth set for modest recovery in 2017, forecasts EBRD

Though growth will likely ease further in 2016, economies in Central Asia and the Caucasus are set for a modest recovery next year, driven by improved outlook for Russia, an important trading ... more

IMF raises growth forecasts for Eurasian economies

Economic growth in the Caucasus and Central Asian region will weaken this year as lower commodity prices and wide-ranging spillovers from Russia’s recession continue to take its toll. Yet, the ... more

Register here to continue reading this article and 2 more for free or 12 months full access inc. Magazine and Weekly Newspaper for just $119/year.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

IntelliNews Pro subscribers click here

Thank you. Please complete your registration by confirming your email address. A confirmation email has been sent to the email address you provided.

Thank you for purchasing a bne IntelliNews subscription. We look forward to serving you as one of our paid subscribers. An email confirmation will be sent to the email address you have provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

IntelliNews Pro subscribers click here

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

Thank you. Please complete your registration by confirming your email address. The confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss