Alexa

20 companies to lodge claims against Turkmenistan

20 companies to lodge claims against Turkmenistan

Turkish companies are preparing to take legal action against Turkmenistan to recover more than $1 billion in unpaid construction bills.
Irfan Dolek, a spokesman for some 20 Turkish construction companies, told The Associated Press Wednesday that talks with Turkmenistan over the payment of bills have reached a deadlock.
Dolek said the companies are now preparing to file complaints with the International Center for Settlement of Investments Disputes, or ICSID.
It is not known what is causing Turkmenistan to delay payments.
Turkish companies have played a leading role in transforming the sleepy post-Soviet backwater into a city of soaring marble-clad government offices and apartment blocks.


Updated : 2021-03-03 17:38 GMT+08:00