Erdogan confident that Turkic Investment Fund to soon begin supporting projects

Turkish President Recep Tayyip Erdogan has expressed hope at the Organization of Turkic States Summit in Bishkek that the Turkic Investment Fund will begin operating soon, Report informs.

He made the remark during the OTS summit on November 6.

"I am confident that the Turkic Investment Fund, which was established last year, will soon begin operating and will support our projects," he said.

In his speech, Erdogan emphasized energy and green economy issues, and positively assessed the agreements reached in e-commerce, the development of which is one of the organization's goals until 2040.

Furthermore, he called for joining efforts in cooperation to increase investments in renewable energy projects, reducing dependence on fossil fuel sources.

The main goal of creating the Turkic Investment Fund is to ensure the development of economic and trade relations between Turkic states. The fund's authorized capital is $500 million.