HomeEconomyTürkiye ranks as largest investor in Tatarstan: Envoy to Moscow

Türkiye ranks as largest investor in Tatarstan: Envoy to Moscow


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Making vital investments, Türkiye has positioned itself as the biggest investor in Tatarstan at a time when Russia is in search of to strengthen its ties with Muslim nations, Turkish Ambassador to Moscow Tanju Bilgiç informed Anadolu Agency (AA) on Thursday.

Noting that Tatarstan is considered one of Russia’s gateways to the world, Bilgiç mentioned that a number of traders are interested in the area’s capital Kazan.

“Russia is trying to improve its relations with Muslim countries through Kazan and Tatarstan,” Bilgiç told AA on the sidelines of the 15th international economic summit “Russia-Islamic World: KazanForum 2024,” which is able to run between May 14 and May 19.

“Türkiye also has several investments in Tatarstan and (is) actually the biggest investor,” he said. “We have an funding of about $2.5 billion. One-third of Türkiye’s investments in Russia are in Tatarstan, within the Kazan area.”

Highlighting Russia’s substantial Muslim demographic, Bilgiç famous the steadily rising marketplace for halal merchandise.

The participation of Turkish firms within the halal market is essential, Bilgiç mentioned, including that their presence at gala’s devoted to halal product producers is of great significance.

Noting that it is without doubt one of the most economically developed republics of Russia, Bilgiç referred to the presence of oil, automotive and plane industries in Tatarstan.

He emphasised that quite a few Turkish companies have established a presence there, actively pursuing business alternatives with Russia through Kazan and Tatarstan, with Türkiye’s full help.

Noting that the variety of occasions and contributors within the discussion board is growing day-to-day, Bilgiç mentioned that Türkiye’s Deputy Minister of Family and Social Policies Leman Yenigün was additionally in Kazan. “We are additionally representing Türkiye with many alternative firms,” he mentioned.

The official opening ceremony of the fifteenth Kazan Forum kicked off on Wednesday in Kazan, the capital of the Russian Republic of Tatarstan.

The business program of the discussion board will deal with worldwide cooperation, Islamic finance and funding, the halal business, science and know-how, cooperation in business, infrastructural improvement, human sources, tourism and tradition.

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