TIF Convened Turkic Investment Heads at 4th Tashkent International Investment Forum

At the 4th Tashkent International Investment Forum, the General Director of the Turkic Investment Fund (TIF), Mr. Ramil Babayev, moderated a high-level panel session titled “Meeting of Heads of Investment Promotion Agencies of the Turkic World” with successful outcomes.

The session brought together senior officials from Turkic states’ investment promotion bodies to explore the investment climate, strategic sectors, and current foreign direct investment (FDI) data across the region. This discussion served as a vital platform for cross-border dialogue and cooperation in promoting sustainable investment flows within and beyond the Turkic world.

The panel has started with the key note speeches of TIF President H.E. Baghdad Amreyev and Mr. Shokhrukh Gulamov, the Deputy Minister of Investment, Industry and Trade of Uzbekistan. The message of Ambassador H.E. Kubanichbek Omuraliyev, Secretary General of the Organization of the Turkic States was delivered by Mr. Farid Mammadov, Project Manager of OTS. Highlighting the importance of investment promotion agencies, “They are at the center of economic development strategies. They are the main link between global capital and national opportunity and the front lines of making investment happen.” told TIF President Amreyev.

Mr. Shokhrukh Gulamov, the Deputy Minister of Investment, Industry and Trade of Uzbekistan, summarizing the past eight years of comprehensive economic reforms of the country, told that the reform agenda of Uzbekistan have resulted in significant achievements. “Last year, Uzbekistan attracted nearly $35 billion in foreign direct investment — a tenfold increase from the levels recorded in 2017. Our GDP has grown steadily at more than 6% annually, and by 2030, we aspire to raise it to $200 billion, with total investments reaching $100 billion and exports increasing to $45 billion.” said Gulamov.

In his message to the panel audience, OTS Secretary General H.E. Kubanichbek Omuraliyev, underlined the economic potential of the Turkic world guided by the Turkic World Vision 2040 and the OTS 2022-2026 Strategy and told that Turkic countries are well-positioned to scale up their role as a collective investment destination. As foreign direct investment (FDI) significantly accelerates economic diversification, modernizes infrastructure and advances green and digital transformation, the need for collaboration in investment promotion becomes more apparent within OTS.”

Before the panel, TIF General Director Ramil Babayev shared his remarks providing certain data about the increasing volume and potential of the Middle Corridor and called for bringing transport and logistics infrastructure to the top of the agenda of the Turkic world. Underlining that the Trans-Caspian International Transport Route, the Middle Corridor, holds transformational potential and the volume of cargo transportation along the Middle Corridor increased by 62 per cent in 2024, reaching 4,5 million tons, “The World Bank projects that, with proper investment, freight volumes here could almost triple to 11 million tons by 2030.” added Babayev.

The panel also featured distinguished panelists included Mr. Mansurjon Rasulev, Acting Director, Investment Promotion Agency under the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan; Mr. Yusif Abdullayev, Export and Investment Promotion Agency of the Republic of Azerbaijan; Mr. Yerzhan Yelekeyev, Chairman of the Management Board, National Company Kazakh Invest JSC, Republic of Kazakhstan; Mr. Farkhad Iminov, Director of National Investment under the President of the Kyrgyz Republic and Mr. Mahmut Muhittin Keskin, Vice President, Investment and Finance Office of the Presidency of the Republic of Türkiye.

Throughout the session, each speaker presented data-driven insights on their national investment strategies and emphasized the importance of regional cooperation in fostering resilient economic partnerships.

At the end of the panel, Assoc. Prof. Dr. Erhan Türbedar, Senior Advisor to TIF President for Economic Affairs delivered his presentation about the “TURKIPANET” networking platform of the investment promotion agencies of the Turkic world, which is intended to be established following the Memorandum of Understanding signed by the head of IPAs of the Turkic states.

The panel was concluded with the parties conveying their gratefulness to the Ministry of Investment, Industry and Trade of Uzbekistan and Organizing Committee of the Tashkent International Investment Forum.