Kazakh investors have infused $16.1mn into Turkmenistan’s economy, while Turkmenistan’s investment in Kazakhstan amounted to $400,000 according to Kazinform News Agency.
The announcement follows the ratification by the Kazakh Senate of the Agreement between the governments of Kazakhstan and Turkmenistan on mutual promotion and protection of investments.The law establishes transparent, stable, and predictable conditions for investors, providing broad protection and support for all types of investments and business activities between the two countries, with clear guarantees to safeguard the interests of the entire investment community at the interstate level.
The agreement also establishes mechanisms for settling investment disputes and provides access to international jurisdictions, further boosting investor confidence.
In 2024, trade turnover between the two nations reached $555.7mn. Current and planned projects include collaborations in railway, road, and water transport, as well as Turkmenistan’s interest in the repair and modernization of armored vehicles and supply of spare parts.
In April 2025, during an informal meeting in southern Kazakhstan, the leaders of Kazakhstan and Turkmenistan discussed raising bilateral trade to $1bn.
In October 2024, Kazakhstan and Turkmenistan signed a declaration to strengthen their strategic partnership, with delegations concluding 20 agreements at various governmental and regional levels.
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