Upon the initiative of Turkmenistan’s president, Gurbanguly berdymukhamedov, the olympic complex will be the largest sport complex in Central Asia. The construction of the project, which will be completed in three phases and cost approximately $5 billion, will be overseen by Turkish company Polimeks İnşaat.
On Nov. 5, 2010 a groundbreaking ceremony was held in ashgabat, the capital of Turkmenistan, with the attendance of the Berdymukhamedov. During his speech the president stated they want to continue with greater improvements in Turkmenistan by constructing cultural and sporting facilities.
Moreover, Berdymukhamedov mentioned that Turkmenistan wants to train internationally renowned sportsmen and, therefore, the construction of the Olympic complex is considered an important stepping stone in reaching this goal. He stated that they have built various other stadiums and sporting facilities across the country. “The Olympic complex will be the pride of Turkmenistan and Central Asia,” said Berdymukhamedov.
During the press conference on Friday Polimeks İnşaat’s Chairman Erol tabanca said there is much business potential for Turkish investors in Turkmenistan. Tabanca noted that they have signed 99 contracts in Turkmenistan and completed 78 of the projects, while 21 are still ongoing. “Excluding the Olympic complex and after all 99 projects are completed, all the contracts Polimeks İnşaat will have carried out in Turkmenistan will amount to $5 billion,” said Tabanca.
“President Berdymukhamedov is a leader with great vision. The country is continuously improving, and new business opportunities arising for Turkish investors,” the chairman added.
Tabanca also provided some information about the project. He stated that they plan to complete the Olympic complex in three phases and that it will cost approximately $5 billion upon completion. Tabanca mentioned they have already started the first phase of the project, which will cost $1.97 billion. He added that they expect to finish all three phases by 2016 and that Ashgabat will host the 2017 Asian Olympics. “The most important characteristic of the Ashgabat Olympic complex is that it will be built in the city center in conformance with the city’s architecture. The Ashgabat Olympic complex will also be the biggest Olympic complex in Central Asia,” said Tabanca.
The Olympic stadium will be constructed according to the standards of the International Association of Athletics Federation (IAAF), the International Football Federations Association (FIFA) and International Olympic Committee (IOC). Moreover, the construction site of the Olympic complex will be around 1.4 million square meters, and it will contain an Olympic stadium that will hold 60,000 spectators, a gym complex that can accommodate 15,000 people, tennis courts, swimming pools, a Paralympics complex and more.