Turkish states create joint investment fund and appoint its head

Leaders of the Organization of Turkish States (OTS) have formally established the Turkish Investment Fund and appointed Baghdad Amreyev, the bloc’s former general secretary, as its chairman, a statement said on Saturday.

The special decision was signed on Friday during the ninth summit of the Organization of Turkic States in Samarkand, Uzbekistan.

“The Turkish Investment Fund will be the first and main joint financial institution established by the Turkish states and aims to mobilize the economic potential of the member states of the Organization of Turkish States to strengthen trade and economic cooperation among them and implement joint projects,” the statement said.

The fund “will primarily support small and medium-sized enterprises (SMEs) by providing financing through the assets of the fund as well as other relevant financial institutions”.

It aims to support the fields of agriculture, logistics and transport, energy efficiency, renewable and alternative energies, industrial projects in the manufacturing sector, information and communication technologies, tourism, infrastructure projects, public-private partnership projects, human development, creative industries and natural resources. and urban environment programs.

Meanwhile, Kubanychbek Omuraliev, Kyrgyzstan’s ambassador to Turkey, has been named the organization’s new secretary general.

A handover ceremony will take place at the group’s headquarters in Istanbul on Monday, where Omuraliev will succeed his predecessor Amreyev.

The Organization of Turkish States is an interstate bloc, created with the aim of expanding cooperation between Turkic-speaking countries in the fields of politics, economy, science, education, transport and tourism .

Its members are Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey and Uzbekistan.

EU countries Hungary, Turkmenistan and the Turkish Republic of Northern Cyprus (TRNC) have observer status.

Sabah’s daily newsletter

Keep up to date with what is happening in Turkey, in its region and in the world.


You can unsubscribe anytime. By signing up, you agree to our Terms of Service and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Comments are closed.