On May 18 this year, Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan, participated in the Inaugural Meeting of the Turkic Investment Fund, which was held at the Dolmabahçe Palace in Istanbul, Republic of Türkiye.

The event was also attended by Baghdad Amreyev, President of the Fund, Cevdet Yılmaz, Vice President of Türkiye, Mehmet Şimşek, Minister of Treasury and Finance of Türkiye, Nurlan Baibazarov, Deputy Prime Minister - Minister of National Economy of Kazakhstan, Elnur Aliyev, First Deputy Minister of Economy of Azerbaijan, and other officials.

In his welcoming speech, Baghdad Amreyev noted the timeliness of the Fund's creation, its significance for further expanding reliable investment and economic cooperation between the countries as an effective source of financing for new ambitious projects and private business operations in the fields of transport, energy, tourism, IT, innovative development, and other priority areas.

In turn, Laziz Kudratov noted that the creation of the Turkic Investment Fund opens new horizons for cooperation between Turkic countries and the economic development of the region, providing a platform for investments and the implementation of new joint projects.

He also expressed hope that the joint efforts and investment initiatives implemented with the support of the Fund will bring equal benefits, contributing to the growth of economies and improving the well-being of the citizens of the member countries.

During the Inaugural Meeting, participants made a number of key decisions aimed at improving the management efficiency and organizational activities of the Fund, including the appointment of representatives to the Board of Directors, the order of remuneration and rotation of management and staff, the preparation of internal legal acts, and other important areas of the Fund's work.

As a result of the event, the participants agreed on measures to activate the Fund's activities, developed a procedure for making joint decisions, and identified pilot project initiatives.