MEETING OF THE HEADS OF INVESTMENT PROMOTION AGENCIES OF THE TURKIC WORLD FOR NETWORKING AND COLLABORATION 12 June 2025, Tashkent – Tashkent International Investment Forum
In a pivotal step toward fostering deeper economic ties across Turkic states, investment promotion leaders gathered in Tashkent to launch a new era of coordinated action and strategic collaboration. Among the highlights of the session were keynote interventions from high-level figures, including
Ramil Babayev, General Director of the Turkic Investment Fund
Farid Mammadov, Project Director of the Organization of Turkic States
Baghdad Amreyev, President of the Turkic Investment Fund
Yusif Abdullayev, Executive Director of the Export and Investment Promotion Agency of the Republic of Azerbaijan
Yerzhan Yelekeyev, Chairman of the Management Board of the National Company Kazakh Invest JSC of the Republic of Kazakhstan
Farkhat Iminov, Director of the National Investment Agency under the President of the Kyrgyz Republic
Burak Dağlioğlu, President of the Investment and Finance Office of the Presidency of the Republic of Türkiye
Erhan Türbedar, Senior Advisor for Economic Affairs of the Turkic Investment Fund
Мansurjon Rasulev, Acting Director Investment Promotion Agency under the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan
Amreyev began by expressing gratitude to the host country: “At the outset, I would like to thank the Government of Uzbekistan for hosting us and for initiating a cooperation framework among the Investment Promotion Agencies of the Turkic countries.”
“This meeting is taking place when global investment trends are shifting fast. The world economy is changing. Global supply chains are being restructured. Investors are looking for new regions, and new partnerships.”
Highlighting the changing landscape, he continued: “Further, the global competition for quality investment is on the rise. Capital is moving, but it is selective. It goes where there is stability, opportunity, and clarity.”
“Foreign direct investment remains a vital source of external finance and an essential driver of sustainable development and structural transformation. And our countries need this. They need more investment to create jobs, increase exports, and support growth and innovation.”
Emphasizing the central role of investment promotion agencies (IPAs), he noted: “They are the main link between global capital and national opportunity. They are on the front lines of making investment happen. They shape how investors see our countries. They guide investment decisions. They influence long-term impact.”
“Therefore, investment promotion agencies of Turkic countries must collaborate and support each other in building a more attractive and competitive Turkic investment space. Today, you are taking a key step in that direction.”
One of the key outcomes of the meeting was the introduction of the Turkic Investment Promotion Network—a platform for systematic cooperation.
“You are here to set the stage for launching the Turkic Investment Promotion Network and enable systematic collaboration among your agencies, by signing a Memorandum of Understanding.”
“Through the Turkic Investment Promotion Network, you can enhance shared visibility, conduct joint campaigns, and connect key sectors across our countries.”
He affirmed the Turkic Investment Fund’s commitment: “In this context, the Turkic Investment Fund is ready to act as a close partner to this network and promote your work across the Turkic countries and beyond.”
“There is a need for the Turkic Investment Promotion Network to coordinate our investment efforts, develop cross-border projects, build professional skills, capacities, and digital tools, and share knowledge and experience.”
Looking ahead to deeper collaboration, Amreyev added: “Cross-border projects are an area where the Turkic Investment Promotion Network and the Turkic Investment Fund can work hand in hand.”
“Our Fund facilitates regional trade, investment, and entrepreneurship across various sectors, enhances regional connectivity, and contributes to a green economy to achieve value-added impact in the Turkic world.”
As global capital becomes more mobile and discerning, the formation of this network signals a pivotal step toward harnessing collective strengths and positioning the Turkic world as a formidable bloc in the international investment arena.
Türkiye reaffirmed its standing as a regional powerhouse for foreign direct investment (FDI), delivering a compelling presentation through Mahmut Muhiddin Keskin, Vice President and Head of Strategy of the Investment Office under the Presidency of the Republic of Türkiye. Speaking at the high-level panel titled “Türk Devletleri Teşkilatı Yatırım Ajansları Başkanları Toplantısı,” Keskin outlined a data-driven case for Türkiye’s investment appeal and strategic transformation.
“Türkiye has established itself as a reliable and competitive hub for foreign direct investments (FDI) over the last two decades, attracting over $273 billion in FDI since 2003,” he began, noting that Türkiye bucked the global trend with “$11.7 billion in FDI inflows in 2024—an annual increase of 9.8% despite an 8% global decline.” As of Q1 2025, Türkiye saw a remarkable “89% year-on-year growth in FDI, reaching $3 billion—the highest quarterly figure since May 2023.”
Keskin attributed this performance to macroeconomic resilience: “In 2024, Türkiye’s GDP reached $1.3 trillion, and for the first time, GDP per capita surpassed $15,000. Inflation fell to 35.4% by May 2025, while unemployment dropped below 9% and employment hit a historic high of 32 million.”
Turning to exports and risk dynamics, he highlighted: “Our goods exports reached $262 billion, services exceeded $60 billion, and tourism alone generated $54 billion. Since mid-2022, our country risk premium has dropped over 400 basis points.”
Türkiye’s strategy, Keskin emphasized, is not just about volumes but value: “Our 2024–2028 FDI Strategy moves from quantity to quality, with a target to raise our global FDI share to 1.5% by 2028. In 2024, 383 greenfield projects worth $14.1 billion were announced, creating 51,000 jobs—71% of which align with Türkiye’s Quality FDI Profiles.”
These profiles include “digital, climate-related, knowledge-intensive and regional development-oriented investments,” with standout sectors like “digital technologies ($3.2 billion), renewables ($1.85 billion), and start-ups ($1.1 billion in venture capital).”
Keskin also spotlighted Türkiye’s investor support mechanisms: “We offer end-to-end services through the Investment Office, and targeted incentives for R&D, exports, and sustainability-aligned projects. Our legal framework is liberal, and our capital markets are deepening.”
In his closing, Keskin emphasized Türkiye’s forward-thinking model: “Green, digital, and resilient—that is the future of Türkiye’s investment landscape. Our new incentive system (Decree No. 2025/9903) prioritizes transformation and impact. We aim to be a trusted, future-ready destination for global capital.”
With its blend of scale, ambition, and stability, Türkiye’s address in Tashkent positioned the country as both a leader and a linchpin within the Turkic world’s investment trajectory.
