It was built by Turkish construction company Polimeks for the 2017 Asian Indoor and Martial Arts Games.

The architect is the Turkish company Polimeks, and the facility itself was planned to be built for the AIMAG 2017.

Before construction, the design of the structure changed, in particular, the tracks were lowered below the entrance level for the sake of better visibility.

The stands are designed for 6 thousand people, there are VIP and CIP-loggias and a section for the press.

President of the Union Cycliste Internationale David Lappartient called the Ashgabat Velodrome "one of the most beautiful in the world" and noted that it was thanks to this structure that it was decided to grant Turkmenistan the right to host the World Track Cycling Championship in 2021.