AK Party official urges entrepreneurs to use Turkic Investment Fund's potential

The Turkic Investment Fund's activities are planned to become more efficient, with its opportunities further expanded, Kursad Zorlu, Deputy Chairman of Türkiye's ruling Justice and Development Party (AK Party), Head of Relations with Turkic States, and Member of Parliament from Ankara, told journalists, Report informs.

Zorlu highlighted that the Turkic Investment Fund currently has a certain capital base and is accepting project applications.

"I want to convey my appeal from this platform to all entrepreneurs and investors operating in the Turkic states. In this context, within bilateral and multilateral projects, you can benefit from the opportunities of the Turkic Investment Fund. In the coming period, we intend to make the Fund more effective and efficient," he said.

The Turkic Investment Fund is the first specialized international financial institution jointly established by the Turkic states, aimed at strengthening economic cooperation in the Turkic world, increasing intra‑regional trade, and promoting sustainable development. Its Founding Agreement was signed on March 16, 2023, at the Extraordinary Summit of the Organization of Turkic States in Ankara, and entered into force on February 24, 2024.

The fund has a charter capital of $600 million, which will be directed toward ensuring overall development and prosperity. Within the vision of Economic Integration of the Turkic World, the fund serves to promote investment, innovative solutions, and regional integration. Azerbaijan is represented on the fund's Board of Governors by Minister of Economy Mikayil Jabbarov.