Turkmen President to visit "Islamic Development Bank" and witness the signing of a Memorandum of Understanding

Jeddah (Ina) - Turkmen President Gurbanguly visited Berdymukhamedov, on Tuesday (May 3, 2016), theIDB headquarters in Jeddah, where he was received by Dr. Ahmed Mohammed Ali , President of theBank Group, and Vice President of the Bank, and the executive heads of the member institutions set thebank. 
At the beginning of the visit, the Bank Group President welcomed the guest and his entourage, alluding to this important visit, which reflects the great attention given by the central general and Turkmenistan Asian countries , especially to support the joint Islamic action, and strengthen and develop its existing cooperation with the Islamic development Bank Group. 
he praised Dr. Ahmad Mohamed Ali of the important role It is undertaken by Turkmenistan to the enrichment of Islamic civilization, and is currently its fruitful cooperation with several Member States. He also praised the care and attention to the two major received their thirty - fourth annual meeting of theIDB Board of Governors which was held in Ashgabat , capital of Turkmenistan in June 2009. 
The head of the Bank Group that this visit will add important building blocks for the said cooperation between Turkmenistan and the Bank Group 's cooperation, congratulating President Mammadov project line pipes giant gas transmission , which will carry gas from Turkmenistan to Afghanistan, Pakistan and then to India, which is estimated to cost in the part located within the territory of Turkmenistan at about 786 million US dollars, stressing that this great project will support Turkmenistan 's efforts to save energy and create new jobs rather than in Turkmenistan alone but also in neighboring countries during which he passes gas pipeline , such as Afghanistan and Pakistan project, and that the project will contribute to the achievement of the objectives for which it was the bank for it, which is to promote cooperation and integration among member states. 
during his speech at the meeting, Turkmen President stressed the importance of the transport sector, noting in this connection to the strategic position occupied by his country Turkmenistan to link the countries of Central Asia and the rest of the world, pointing out in this regard to the importance oflinking the rail, a project in which the Islamic development Bank shares B371 million US dollars, with theline extending from Turkmenistan to reach Turkmenistan a number of neighboring countries. He 
also reviewed, during his speech, his country 's keenness Turkmenistan to develop the land, sea and air transport sectors, and extended an invitation to the President of the Bank Group to participate in theinternational Conference on transport held in November in Ashgabat, stressing the importance of private sector development and involvement in advancing development efforts . 
Turning the President of Turkmenistan for the development of the agricultural sector, noting the support of the Islamic development Bank for this important sector in Turkmenistan, and pointing out that thegrowth rate in the country has reached during the first quarter of this year , about 6.6 percent, which ishigh by any measure. It 
was at the conclusion of the visit , signing a memorandum of understanding between the Bank and Turkmenistan to promote the two sides cooperate in the field of finance future development projects in Turkmenistan. 
It should be noted that Turkmenistan has joined the membership of the Bank in 1994, the total funds approved by the Bank Group and was in the interest of this country to date about 642 million US dollars, including contributing to the financing important projects in various development sectors, especially agriculture, education, energy, health and transport sectors and the development of the private sector.