Azerbaijan’s Karabakh to have special importance for investment fund of Organization of Turkic States – Secretary General

BAKU, Azerbaijan, October 8. Azerbaijan’s
Karabakh region will have special importance for investment fund of
the Organization of Turkic States, the organization’s Secretary
General Baghdad Amreyev told Trend.

According to Amreyev, the fund’s initial budget will be $500
million.

In the coming years, it’s planned to increase the capital of the
joint investment fund to $1 billion. The creation of joint ventures
in the liberated territories of Azerbaijan will bring the economies
of the member countries of the Organization together, he said.

“The Karabakh region is a priority. I hope that our businessmen
will be able to create joint ventures with Azerbaijan from 2023,”
added the official.

At the end of November 2022, the member countries of the
Organization of Turkic States will sign a relevant document on the
creation of a joint investment fund. The activity of this fund is
planned to be launched from the beginning of next year.