Kazakh Deputy Prime Minister Serik Zhumangarin has said that the Organization of Turkic States (OTS) is preparing to launch its first major investment projects, with the Turkic Investment Fund ready to allocate at least $20 million in initial financing.

Speaking at an OTS business forum, Zhumangarin described the fund as one of the key financial instruments for supporting joint projects among member states of the Turkic bloc, The Caspian Post reports via Sputnik Kazakhstan.

He said the fund has already begun forming a portfolio of practical initiatives and is prepared to provide co-financing starting from $20 million for early-stage projects.

One of the first potential investments under discussion involves infrastructure development at the Almaty International Airport, with negotiations already underway on possible funding participation.

Additional planned projects focus on agriculture, logistics, and digital platforms, reflecting growing economic integration among Turkic countries.

The Organization of Turkic States includes Kazakhstan, Kyrgyzstan, Uzbekistan, Türkiye and Azerbaijan as members, while Turkmenistan, Hungary and Northern Cyprus participate as observers.

The next OTS summit is scheduled to take place on May 15 in Turkistan, where regional leaders are expected to discuss deeper economic and infrastructure cooperation.