The member states of the Organization of Turkic States (OTS) have agreed to increase the capital of the Turkic Investment Fund to $600 million. This announcement was made by the Chamber of Commerce and Industry of Uzbekistan.

During a business forum held in Azerbaijan, it was revealed that the fund’s capital would increase by 20%, from $500 million to $600 million. This expansion was made possible by Hungary’s decision to join the fund.

The primary focus of the forum was to discuss investment prospects, strengthen economic ties, and promote business development in the region.

Additionally, Uzbekistan proposed hosting a Women Entrepreneurs Forum for OTS member states in Karakalpakstan in May 2025, which is expected to be another step in enhancing regional economic cooperation.

Established in 2023, the fund officially began operations in 2024. Azerbaijan, Turkey, Kazakhstan, Kyrgyzstan, and Uzbekistan each contributed $100 million to the fund. The headquarters of the fund is located in Istanbul.

The Turkic Investment Fund is dedicated to financing infrastructure, trade, and entrepreneurship projects across the Turkic world. The increase in capital will provide additional opportunities for supporting micro, small, and medium-sized enterprises, stimulating trade, and expanding economic cooperation among the member states.