Kubanychbek Omuraliev appointed President of the Turkic Investment Fund
Amul Info ·
Former Secretary-General of the Organization of Turkic States Kubanychbek Omuraliev has been unanimously elected President of the Turkic Investment Fund. He served as the organisation’s Secretary-General from November 2022 to November 2026. In his new role, he plans to promote investment…
Kubanychbek Omuraliev, former Secretary-General of the Organization of Turkic States (OTS), has been unanimously elected President of the Turkic Investment Fund (TIF). The news was reported by Atavatan Türkmenistan, citing the press service of the Organization of Turkic States.
The relevant decision was adopted by the Fund’s Board of Governors.
Kubanychbek Omuraliev served as Secretary-General of the Organization of Turkic States from November 2022 to November 2026. During this period, he worked to strengthen cooperation among Turkic states, advance joint initiatives and enhance the organisation’s international standing.
In his new position, Omuraliev plans to focus particularly on expanding investment opportunities, deepening economic ties and supporting the sustainable development of member states.
Meanwhile, Mirvohid Azimov, formerly Deputy Minister of Foreign Affairs of Uzbekistan, has been appointed the new Secretary-General of the Organization of Turkic States.
The Turkic Investment Fund is the first specialised international financial institution established to strengthen economic cooperation among Turkic states, promote interregional trade and support sustainable development.
The founding agreement on the establishment of the Fund was signed on 16 March 2023 in Ankara, during an extraordinary summit of the Organization of Turkic States. The document entered into force on 24 February 2024.
The authorised capital of the Turkic Investment Fund amounts to 600 million US dollars. Its resources are intended to support the economic development of member states, improve living standards, encourage investment and promote innovative solutions. The Fund also aims to strengthen interregional economic ties within the framework of the concept of “Economic Integration of the Turkic World”.