President of the Turkic Investment Fund met the CEO of the Saudi Fund for Development

On 16 October 2025, on the sidelines of the Annual Meetings of the World Bank and the International Monetary Fund, H.E. Baghdad Amreyev, President of the Turkic Investment Fund (TIF), met with Mr. Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development The meeting took place at the Office of the Kingdom of Saudi Arabia at the World Bank in Washington D.C.

The President of TIF was accompanied by Mr. Ramil Babayev, General Director, as well as Mrs. Betül Sarıkaya, Chief Financial Officer; Mr. Sanjar Usmanov, Chief Investment Officer; and Mr. M. Esat Mert, Director for International Relations and Capital Mobilization. On the Saudi side, Mr. Faisal Al- Kahtani , Deputy CEO of SFD, joined Mr. Al-Marshad.

H.E. Baghdad Amreyev shared with the Saudi side the TIF’s mission and its main priorities, with respect to connecting the economies of the Turkic world more closely and establishing broader partnerships. Noting that TIF’s capital is expected to grow significantly in line with its expanding project portfolio and regional demand, the President of TIF underlined the Fund’s interest in co-financing arrangements that blend development finance with private capital.

The General Director, Mr. Ramil Babayev, noted that cooperation with the SFD, including through co-financing, would create space for practical, well-structured projects that benefit TIF member states.

Mr. Al-Marshad, CEO of SFD warmly welcomed TIF’s delegation. He described the SFDs own experience in supporting projects in emerging markets and expressed readiness for an active collaboration with TIF. The CEO of SFD also touched on the role of the Arab Coordination Group, a strategic alliance that helps development finance institutions coordinate resources to address global challenges. Cooperation within that framework, both sides agreed, could make future joint operations more structured and predictable.

TIF and SFD agreed to continue their collaboration to identify areas where partnership makes the most sense and to explore potential bilateral projects and co-financing opportunities across TIF member states.