The Turkic Investment Fund (TIF) is expected to begin financing its first projects in May-June 2025, the fund’s president Bagdat Amreyev told Report.
Amreyev stated that the projects submitted to TIF will be evaluated, and then financial support will be provided to them.
“First of all, we will focus on joint projects. Because this fund was created to unite our economies, bring together the potential of our entrepreneurs, and facilitate trade and investment exchange between Turkic states. Projects serving economic integration will be our focus and priority. These projects can be in infrastructure, logistics, industry, digitalization, and many other areas. We will finance small and medium-sized enterprises,” Amreyev noted.
He added that the TIF will operate as a development bank: “We have already established constructive dialogue and cooperation with regional and international financial institutions such as the World Bank, European Infrastructure and Development Bank, Asian Development Bank, Islamic Development Bank, Qatar Fund for Development, Saudi Fund for Development, Kuwait Fund for Arab Economic Development. Also, we will cooperate with financial institutions, development banks, and funds existing in Turkic states. We will have more partners among these financial institutions.”
