Murat Karimsakov participated in an Informative Meeting with Business Leaders and B2B Networking in Baku

On February 14, an Informative Meeting with Business Leaders and B2B Networking was held in Baku, organized by the Turkic Investment Fund (TIF) and the Union of Turkic Chambers of Commerce and Industry (TCCI). The event was attended by Secretary General of the Organization of Turkic States, Kubanychbek Omuraliev, President of the Turkic Investment Fund, Bagdat Kultaev, President of the Union of Chambers and Commodity Exchanges of Turkey and Honorary President of TCCI, Rifat Hisarcıklıoğlu, and President of the National Confederation of Entrepreneurs of Azerbaijan, Mammad Musayev.

The meeting also brought together representatives of leading companies and organizations, including KOBIA, AZPROMO, TCCI, and ASK, facilitating a comprehensive discussion on trade and economic cooperation.

Signing of Memorandums and Development of Partnerships

A key highlight of the event was the signing of Memorandums of Understanding (MoUs) between the Union of Turkic Chambers of Commerce and Industry (TCCI) and the Turkic Investment Fund (TIF). These agreements aim to enhance collaboration between business communities of the OTS member states, support small and medium-sized enterprises, and develop joint investment initiatives.

Economic Integration within the OTS

The meeting covered key aspects of economic cooperation, including strengthening trade ties, industrial collaboration, and the development of transport and logistics infrastructure.

Murat Karimsakov noted that OTS countries have significant economic potential and a shared historical and cultural foundation, making their cooperation especially promising. “Today, we see digitalization, logistics development, and investment cooperation between OTS countries reaching a new level. Kazakhstan is ready to actively participate in these processes, offering innovative solutions and creating favorable conditions for business,” he emphasized.

He also introduced the National Digital Investment Platform, which includes hundreds of projects worth billions of dollars and has already proven its efficiency. “We see strong interest from foreign investors in this platform. It enables real-time identification of promising projects and monitoring of their implementation,” Karimsakov added.

The Role of the Foreign Trade Chamber of Kazakhstan

The Foreign Trade Chamber of Kazakhstan actively supports foreign investors and entrepreneurs by helping them find reliable partners, receive legal assistance, and participate in international business events.

“We aim to make business interaction as convenient and efficient as possible. To achieve this, we will soon launch an online B2B platform that will significantly simplify the search for partners and the conclusion of agreements,” said Karimsakov.

Transport and Logistics Integration as a Driver of Regional Development

One of the key discussion topics was the development of transport corridors, particularly the “Middle Corridor” and the Trans-Caspian International Transport Route (TITR). Kazakhstan is seen as a crucial link in building a modern transport and logistics infrastructure within the OTS, requiring the modernization of ports, railways, and container hubs.

“We are actively working to make Kazakhstan a reliable logistics hub for OTS countries. Investments in infrastructure and digitalization of logistics will significantly increase cargo flow and enhance the region’s competitiveness,” Karimsakov stressed.

Prospects of the Turkic Investment Fund

Significant attention was given to the further development of the Turkic Investment Fund, which is considered a key tool for financing small and medium-sized businesses. Its priority areas include industrial production, transport, agriculture, tourism, and the green economy.

B2B Networking: Strengthening Business Connections

At the end of the main program, a B2B networking session was held, allowing business representatives to conduct direct negotiations, discuss cooperation opportunities, and reach preliminary agreements. This format enabled participants to expand partnerships, exchange experiences, and explore new investment opportunities.

Conclusions and Next Steps

The participants reaffirmed their commitment to strengthening trade and economic relations within the OTS and expressed readiness for further development of partnerships.

“Today’s meeting demonstrated a strong business interest in joint projects. We are confident that further strengthening of business ties and joint initiatives will form the basis for the sustainable economic growth of OTS member states,” concluded Murat Karimsakov.