Business in Turkmenistan, Ashgabat

EENI Business School & HA University




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Syllabus of the Subject: Foreign Trade and Business in Turkmenistan. Ashgabat (Course, Master).

  1. Introduction to the Republic of Turkmenistan
  2. Turkmen Economy
  3. Economic Profile of the Regions of Turkmenistan
  4. Doing Business in Ashgabat
  5. Foreign Trade of Turkmenistan
  6. Business Opportunities in Turkmenistan
    1. Construction
    2. Textiles
    3. Energy
    4. Food industry
  7. Case Study:
    1. Awaza National Tourism Zone
    2. Gap Pazarlama (Textile)
  8. Access to the Turkmen Market
  9. Business Plan for Turkmenistan

The aims of the Subject “Foreign Trade and Business in the Republic of Turkmenistan” are the following:

  1. To analyse the Turkmen economy and foreign trade
  2. To know the business opportunities in Turkmenistan
  3. To explore the Turkmen trade relations with the country of the student
  4. To know the Turkmen Trade Agreements
  5. To examine the profile of Turkmen Companies
  6. To develop a business plan for the Turkmen Market

The Subject “Doing Business in Turkmenistan” is part of the following Online Higher Education Programs taught by EENI:
  1. Masters: Business in the Muslim Countries, International Business, Foreign Trade, Asia
  2. Doctorates: Islamic Business, Asian Business, Global Trade
  3. Course: Business in Central Asia

Masters and Doctorates in International Business adapted to the Turkmenistan, Master Doctorate Business Turkmen Students.

Online Student Master in International Business

The course materials are available in Master in International Business in English (or Study Master Doctorate Business in Spanish Turkmenistán Study, Master in International Business in French Turkménistan).

  1. Credits of the Subject “Foreign Trade and Business in Turkmenistan”: 1 ECTS Credits
  2. Duration: one week

Example of the Online Subject - Doing Business in Turkmenistan:
Master Course: Business in Turkmenistan





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Subject: Doing Business in Turkmenistan.

The Republic of Turkmenistan.

  1. Turkmenistan shares borders with Afghanistan, Kazakhstan, Iran, and Uzbekistan
  2. Turkmen Population: 5 million people
  3. 85% of the population are Turkmen
  4. Area of Turkmenistan: 491,000 square kilometres
  5. Turkmen Capital: Ashgabat
  6. Official language of Turkmenistan: Turkmen (Turkic group of languages)
    1. English and Russian are widely spoken
  7. The Great Silk Road passes through Turkmenistan
  8. Territorial organisation of Turkmenistan: five velayats (Ahal, Balkan, Dashoguz, Lebap, and Mary)
  9. Turkmen independence: 1991 (URSS)
  10. Turkmenistan is a Presidential Republic

Main religion: Islam

Turkmenistan belongs to the Sunni-Turkic area of the Islamic Civilisation

Turkmenistan Gap Pazarlama (Course Master)

Turkmen Economy.

  1. Agriculture: 80% of Turkmenistan is farm lands
  2. Significant water resources (Karakum River)
  3. Turkmen Mineral resources: hydrocarbon, mining, salt, boron, magnesium, potassium, rubidium, and bentonite
  4. Drilling and exploration for petrol and gas
  5. Turkmen industrial sector: petrol and gas, chemical, electric power, engineering, and textile (60 textile complexes)
  6. The main sectors of the Turkmen economy are petrol and gas, power engineering, agriculture, construction, transport and communications, chemical, textile, and building materials
  7. The Turkmenbashi complex of petroleum refineries is the largest high-octane gasoline and kerosene producer in Central Asia
  8. Gas pipelines to China and Iran
  9. Turkmen currency: Manat
  10. Turkmenistan is one of the ten most corrupt countries

Foreign Trade of Turkmenistan.

  1. The main exports of Turkmenistan are petroleum, carbon, cement, salt, iodine, and grains
  2.  Turkmenistan is an Electricity exporter (Afghanistan, Iran, Turkey, and Tajikistan)
  3. Construction of the Kazakhstan-Turkmenistan-Iran Railway
  4. Regional transit centre (Rail transport)

Silk Road China-Europe by Road (Course Master)

Turkmenistan has preferential access/FTA.

  1. Economic Cooperation Organisation (ECO)
  2. Central Asia Regional Economic Cooperation (CAREC) Programme
  3. European Union: Generalised System of Preferences (GSP)
  4. Commonwealth of Independent States (CIS) (associated)
  5. Shanghai Cooperation Organisation (SCO) (Guest Attendance)
  6. Armenia-Turkmenistan Free Trade Agreement (FTA)
  7. Turkmenistan-Georgia Free Trade Agreement (FTA)
  8. Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)

Central Asia Economic Cooperation

Community of Independent States CIS, Course

Turkmenistan is a member of...

  1. Organisation of Islamic Cooperation (OIC)
  2. Islamic Development Bank
  3. World Customs Organisation
  4. Economic and Social Commission for Asia and the Pacific (ESCAP)
  5. Asian Development Bank (ADB)
  6. Asia Cooperation Dialogue (ACD)
  7. Boao Forum for Asia
  8. Economic Commission Europe (UNECE)
  9. Turkmenistan and the Middle East (AMED)
  10. Organisation for Cooperation between Railways (OSJD)
  11. European Investment Bank
  12. Africa-Asia Strategic Partnership (NAASP)

Generalised System of Preferences (GSP, Course)

Economic Cooperation Organisation (ECO, Master)



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