Freedom Holding Corp., led by visionary CEO Timur Turlov, has emerged as a leading force in Central Asia’s economic development. The company’s recent participation in the Nasdaq closing bell ceremony marked a significant milestone, showcasing the region’s growing influence on the international stage.
Timur Turlov emphasizes the crucial role of digital innovation and open government policies in driving Central Asia’s progress. The region’s rapid advancements in technology and infrastructure can be attributed to the government’s proactive approach in collaborating with global tech giants.
For example, Kazakhstan’s Astana International Financial Center (AIFC), a special economic zone established in 2017, has attracted significant foreign investment. Moreover, It has fostered a conducive environment for innovation and business growth. The AIFC has partnered with leading global financial institutions, such as London Stock Exchange Group, to develop a robust financial ecosystem in the region.
Timur Turlov’s Output: Financial Success and Social Impact
Since 2019, Timur Turlov enabled Freedom Holding Corp. to expand its operations to 20 countries. It has increased its revenue by over 100% annually. In 2023 alone, the company reported a record-high revenue of $1.64 billion and a net profit of $375 million.
Beyond financial success, Freedom Holding Corp. is deeply committed to making a positive impact on the communities it serves. As a signatory to the UN Global Compact, the company is actively involved in ESG initiatives and sustainable development projects. Turlov believes that corporate responsibility is not just a moral obligation but also a strategic imperative for long-term success.
Investing in Sustainable Development
Through its corporate fund, Freedom Shapagat, Timur Turlov has invested over $31.5 million in various projects, including infrastructure modernization, education, healthcare, and environmental initiatives. Since its inception, Freedom Shapagat has allocated more than $50 million to sustainable development projects in Central Asia.
One notable example is the company’s investment in a new educational building for SDU University in Kazakhstan. So, this project is expected to benefit over 1,000 students and improve access to quality education in the region.
Another significant initiative is Freedom Shapagat’s installation of over 100 reverse vending machines to collect and recycle plastic, aluminum cans, and bottles in Almaty and Astana. This project contributes to reducing waste and promoting a more sustainable environment.
How Timur Turlov is Leading the Way in Sustainable Development?
As the chair of the Advisory Committee of the UN Global Compact in Central Asia, Turlov is committed to addressing the region’s pressing challenges, such as water scarcity, environmental degradation, and poverty. By fostering collaboration among businesses and governments, he aims to create a more sustainable and prosperous future for Central Asia.
Recent Examples
- Partnership with the Kazakhstan Chess Federation to promote the sport and develop young talent.
- Support for the Republican Scientific and Practical Center Daryn to improve education and research in Kazakhstan.
- Participation in the Digital Silk Road development to boost data transit through Kazakhstan and enhance connectivity.
Through its commitment to sustainable development and its active role in the region, Freedom Holding Corp. is demonstrating the potential for businesses to contribute to a more prosperous and equitable future for Central Asia.
