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Turkish countries form and appoint a joint investment fund head

by Ayaz Ahmet
July 3, 2023
in World
1 min read
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leaders of the organization of The Turkish States (OTS) officially established the Turkish Investment Fund and appointed Baghdad Al-Amiryev, the bloc former secretary general as its chief, said in a statement on Saturday.

The special decision Signed at the ninth summit of the organization of Turkish countries in Samarkand, Uzbekistan on Friday.

“Turkish investment fund will be first And the main subscriber financial An institution established by the Turkish states and aimed at mobilizing economic potential of Member States of the organization of Turkish countries to strengthen trade and economic cooperation between them and the implementation of joint projects,” according to the statement.

Fund “mainly support small and medium-sized companies (SMEs) by providing them with financing through the fund assets As well as other competent financial institutions”.

Aims to supporting Regions of Agriculture, logistics and transportation, energy efficiency, renewable and alternative energy, industrial projects in manufacturing, information and communication technologiestourism, infrastructure projects, public-private Human partnership projects development, creative, natural and urban industries environment charts.

Meanwhile, Kubanyshbek Omuralev, Kyrgyzstan’s ambassador to Turkey, was appointed as organization’s new secretary general.

There will be a handover ceremony at the group headquarters in Istanbul on On Monday, where will take Omoraliv over The post From his predecessor Amreev.

the organization of The Turkish countries are an inter-state bloc, which was established with the aim of Expansion of cooperation between Turkish speakers countries in fields of politicseconomics, science, education, transport and tourism.

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

EU country Hungary, Turkmenistan and the Republic of Turkey of Northern Cyprus (Turkish Republic of Northern Cyprus) has observer the condition.

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