Abu Dhabi to invest nearly $100mln in projects in Turkmenistan

Deal allocates $74.9mln for the construction of an airport in Jebel in the Balkan region

  
Etihad Towers is the name of a complex of buildings with five towers in Abu Dhabi, the capital city of the United Arab Emirates. Image used for illustrative purpose.

Etihad Towers is the name of a complex of buildings with five towers in Abu Dhabi, the capital city of the United Arab Emirates. Image used for illustrative purpose.

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DUBAI: The Abu Dhabi Fund for Development (ADFD) has signed deals worth $99.91 million to build an airport and a power plant in Turkmenistan.

The deal allocates 275 million dirhams ($74.9 million) for the construction of an airport in Jebel in the Balkan region of the country.

It aims to improve airport infrastructure in the area and enhance air connectivity in central Asia.

The project includes building Jebel airport terminal with a capacity of 100 passengers per hour.

About 92 million dirhams will be used to build a 10-megawatts hybrid power plant that will provide clean energy for the people in Altyn Asyr.

Earlier this year, the ADFD signed agreements with the government of Turkmenistan for projects including including an investment company.

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