The founding meeting of the Turkic Investment Fund, created by Turkey, Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan, was held, and a "Host Country Agreement" was signed with Turkey. Ramil Babayev from Azerbaijan was appointed as the Fund's General Director. The meeting, held on May 18 in Istanbul, was attended by Turkey's Vice President Cevdet Yılmaz, who congratulated the representatives of the founding Turkic states and conveyed the greetings and congratulations of President Recep Tayyip Erdoğan.

Vice President Yılmaz emphasized that the Fund aims to support economic development and financial sustainability in the Turkic states, contributing to a more prosperous future. The establishment of the Turkic Investment Fund marks a historic step towards broader economic cooperation and integration among the countries, symbolizing the unity and collaborative spirit of the Turkic nations. The Fund will focus on accelerating investments in various sectors, providing technical support for projects, and playing a crucial role in sustainable economic development.

Baghdad Amrayev, President of the Turkic Investment Fund, highlighted that the Fund's creation aims to promote the continuous development of economic relations among the countries. He noted that the Fund serves as a mechanism to support economic integration in the Turkic world through investments, with the goal of fostering a brighter future based on trust, cooperation, and shared prosperity. The Fund will drive investments in infrastructure, renewable energy, agriculture, and tourism, contributing to the economic growth of the region.