AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

ASHGABAT: Turkmenistan will spend nearly five billion dollars to build a city named in honour of strongman Gurbanguly Berdymukhamedov, officials said Wednesday.

The reclusive Central Asian country bordering the Caspian Sea has been ruled by the Berdymukhamedov family for more than 16 years. Gurbanguly Berdymukhamedov, a former dentist turned autocrat, officially stepped down as president of the ex-Soviet nation last year and was replaced by his son, Serdar Berdymukhamedov.

But the 65-year-old, known for his personality cult, bears the title of “Arkadag” (Hero Protector) and continues to dominate the country.

The new city 30 kilometres (18 miles) outside the capital Ashgabat will carry his title. And Berdymukhamedov has ordered officials to get it into the “Guinness Book of Records” in some way.

“The first phase of construction of the city of Arkadag costs $3.3 billion,” said Deryageldi Orazov, an official heading a state committee in charge of its construction.

“The second phase will cost about $1.5 billion, according to our estimates.”

Orazov said the exact cost will be clear after a call for tenders. But it already greatly exceeds the figure of $1.5 billion announced in February 2020. Turkmenistan’s GDP is around $45 billion, according to the World Bank.

It derives much of its wealth from its immense gas reserves. Rights groups have accused Turkmenistan of spending money from its gas profits on lavish projects which do not benefit the population. Arkadag, which is in an earthquake zone, will eventually have a population of around 73,000.

As president, 41-year-old Serdar Berdymukhamedov seems to govern in the shadow of his father. Far from stepping back, Berdymukhamedov senior has abolished the upper house of parliament and was appointed president of a supreme body that controls much of the country’s foreign and domestic policy.

Turkmenistan is one of the world’s most repressive, secretive states and little is known about how the regime makes day-to-day decisions.

According to Reporters Without Borders, it ranks 177th out of 180 countries for press freedom, just ahead of Iran, Eritrea and North Korea.

Comments

Comments are closed.