Turkmenistan is situated in the southwest of the Central Asia region. It has the population of 5,959,295 people, half of them live in urban areas; mainly in such big cities as the capital Ashgabat (879,846 residents), Turkmenabat (243,909), Dashoguz (188,250) and Mary (114,680). The largest cities are also the places where the biggest businesses, including franchises clutter in. The economy of the country is based on enterprises of power industry, oil and gas production, chemical and petrochemical field, metal-processing, light and food industry.
Turkmenistan is interested in the development of the Caspian Sea resort of Awaza, which presents favorable opportunities for foreign investments in Turkmenistan’s tourism industry.
Franchise companies were not popular businesses in the country so far. Tight administrative controls and the domination of the public sector in economic activity of the country have unfortunately hindered private sector development as well as franchising attempts.
However, being influenced by the Internet, the residents of the country show more and more interest in international brands which are famous worldwide. Thus, several franchise giants such as Coca-Cola, Pepsi and Levi’s have already entered the market.
The most prospective opportunities for franchise companies are available in service related sector, such as fast food, clothing, hotel, cleaning, car rental as well as in education, IT, health care sectors.
There are high investment business opportunities, as well as cheap franchises in Turkmenistan presented for review, the choice is yours.
Currency: Turkmenistan manat (TMT, T)
Education Index (2015): 0,629
Official languages: Turkmen
Per capita GDP (PPP): $19,526
Quality-of-life index (0-10): -
Population: 5,66 mln
Total GDP (PPP): $112,659 billion
Ease of Doing Business Ranking, Rank: -
Human Development Index (HDI): 0,706