Kazakh President participates in Organization of Turkic States summit in Uzbekistan

Kazakhstan plans to attract US$20 billion in investment for diversification of transport routes and development of logistics until 2025, said Kassym-Jomart Tokayev at the Summit of the Organization of Turkic States in Samarkand. He emphasized that increasing the potential of transit communications is of particular significance. President Tokayev also stressed the importance of developing internal corridors between Kazakhstan, Azerbaijan, Kyrgyzstan, Turkey and Uzbekistan. He proposed to create the Digitalization Center of the Organization of Turkic States on the basis of the Astana Hub international technopark. He believes that this would allow developing digital solutions for trade, transport, water use, information security and other important industries. The establishment of the Turkic Green Finance Council is another important issue that the Kazakh President raised at the OTS Summit. According to him, it can be opened at the Astana International Financial Center.

“In the past seven years alone, the world’s nations have spent over US$2.5 trillion on green bonds. In order to expand the capital market in this area, I propose to establish the Turkic Green Finance Council. It can be opened at the AIFC Green Finance Center considering its experience and authority among the world’s largest companies. In addition, the Astana International Financial Center could be entrusted to be in charge of the Secretariat of the new Council,” Tokayev said.

It bears noting that there, in Samarkand, the Heads of State agreed on the establishment of the Turkic Investment Fund. They also signed the Declaration of the Organization of Turkic States Summit, as well as a number of other documents.