Advisory
Investment projects
Client: Islamic Development Bank and SC “Turkmenhimiya”
Project: Construction of a workshop for the production of phosphate fertilizers as part of the Turkmenabad chemical plant in the Lebap province of Turkmenistan, 2023
Service: Feasibility study (including, investment planning, financial modelling, market survey and accompanying advisory)
Client: SC “Turkmenhimiya”
Project: Construction of a plant for the production of urea-formaldehyde concentrate (UFC-85) at the Akhal plant for the production of gasoline from natural gas in Turkmenistan, 2023
Service: Feasibility study (including, investment planning, financial modelling, market survey and accompanying advisory)
Client: Ministry of Energy of Turkmenistan in cooperation with Sumitomo Corporation (Japan) and Renaissance heavy industries Co. (Turkey)
Project: Zerger Conversion Power Plant Project (modernization), 2022-2023
Financial institutions: Japanese International Cooperation Agency (JICA)
Service: Feasibility study (including, investment planning, financial modelling, market survey and accompanying advisory)
Clients: 1. Turkmenistan Airlines; 2. The Ministry of Energy of Turkmenistan; 3. The State Chemistry Concern, 2021
Projects: 1. Construction of Airport in Jebel; 2. Construction of 10 megawatts hybrid power plant in Serdar region; 3. Construction of the NPK-fertilizer facility in Turkmenabat
Financial institutions: Abu Dhabi Fund for Development and State Bank for foreign Economic Relations of Turkmenistan
Project amount: $117.91 mln.
Service: Financial modelling and investment consulting
Client: Tyaze Ay Group (production of confectionary), Turkmenistan
Project: EBRD loan financing (8,0 mln. USD), 2020
Service: Investment planning, property valuation and financial due diligence
Client: The Ministry of Healthcare and Medical Industry of Turkmenistan in cooperation with Licit&Artei GmbH, Austria
Project: Construction of Glycyrrhizic Acid Plant in Turkmenabat (22,0 mln. USD), 2019
Service: Financial modelling and investment consulting
Client: Arassa Rysgal Group (production of shoes), Turkmenistan
Project: EBRD loan financing (2,0 mln. USD), 2018
Service: Investment consulting, property valuation and financial due diligence
Client: Hoshzaman Group (greenhouse products), Turkmenistan
Project: EBRD loan financing (3,0 mln. USD), 2017
Service: Investment consulting, financial due diligence and valuation of collateral
Market & Social research projects
Client: Bernard Gruppe ZT GmbH, Austria
Project: Passenger and freight market study for the TMAT railway modernization Projects, 2022
Investor: Asian Development Bank, 870 mln USD
Service: Market & Social research services for passenger and freight surveys, including road traffic census at 15 locations, 35 expert interviews with company executives, 600 interviews with passengers.
Client: Beyik Yupek Yoly IE, Turkmenistan
Project: Research and determination of the average price of spare parts and works in the shipbuilding sector, 2022
Service: Desk research, mystery shopper – negotiations with more than 100 foreign companies
Client: Agzybir ojak IE, Turkmenistan
Project: Turkmenistan Dairy Market Research, 2022
Service: Retail audit of outlets, Ashgabat + 5 regions, telephone surveys of consumers
Client: MIPR Research Agency, Russia
Project: Air fuel market research, 2022
Service: Desk research
Client: ACT Ltd., Georgia, for the Food and Agriculture Organization of the United Nations (FAO)
Project: Food Insecurity Experience Survey (FIES); social survey (1200 interviews), 2021
Service: Population surveys F2F, N=1200, LOI=10 min
Client: Factum Group, Ukraine
Project: Banking mobile software market research, 2021
Service: Deep interview F2F, N=15, LOI=60 min
Client: Indian Embassy in Turkmenistan
Project: IT-service market research, 2020
Service: Desk research
Client: Licit & Artei GmbH, Austria
Project: Construction of Glycyrrhizic Acid Plant in Turkmenabat, 2019
Service: Glycyrrhizic acid market research in cooperation with M-Vector Co. (Kazakhstan)
Client: EBRD via M-Vector Co., Kyrgyzstan
Project: Confectionary and pastry market research, 2017
Service: Conducting Focus Groups, N=8, LOI=90 min, 60 interviews with FMCG entrepreneurs
Consulting projects supported by EBRD SBS program
Client: Private Entrepreneur (owner) M.M. Rejepgeldiyev, Tejen c.
Project: Business development consulting and valuation of livestock complex, including the cattle, 2018
Client: ES “Biyat”, Ashgabat c.
Project: Business development consulting and valuation of a Brewery, including the manufacturing and related equipment, 2018
Client: ES “Serras”, Ashgabat c.
Project: Business development consulting and valuation of a Brewery, 2018
Client: Economic Society “Bereketli jay”, Turkmenabat city
Project: Business development consulting and valuation of the cow farm, 2018
Client: Private entrepreneur (owner) Mr. A.Atayev, Mary city
Project: Business development consulting and valuation of the hotel properties (3255 sq.m.), 2017
Client: Intizar Yurek Co., Ashgabat
Project: Business development consulting and valuation of the production complex (real estates of 2908 sq.m. and cardboards production equipment), 2017