Translation of AbdulGamid’s original post in Russian from 21.10.07

Companies that has been operation in Turkmenistan for long time, keenly responded to the call for foreign investments into development of tourist zone at the Turkmen Caspian see coast.

A presentation of projects on development of the national tourist zone Avaza was held at Serdar hotel on the Caspian Sea coast on October 20. Turkmen President Gurbanguly Berdimuhamedov attended the presentation.

… The head of state met with chief executives of a number of foreign companies during the presentation, including Siemens of Germany, Bouygues of France and Polimeks of Turkey.

Gurbanguly Berdimuhamedov signed a number of decrees in the end of talks. According to these documents, foreign companies will start the construction of facilities worth some US $ 500 million in the territory of the planned Avaza zone coming November.

The rest of international partners consider this project not to be promising and refrain from insecure investments, whether they do not have opportunities to enter construction market of Turkmenistan.