A project to establish an advisory council for Turkey's recently instituted Sovereign Wealth Fund (SWF) is currently underway in order to introduce the most important initiative for Turkey's economy around the world and take the steps to achieve the purpose of the fund.According to Turkish Habertürk daily, Türkiye Varlık Fonu Yönetim A.Ş. will form an advisory board with world-renowned figures.The advisory board will consist of very formidable names. Former U.S. Presidents Barack Obama and Bill Clinton and former Coca Cola CEO (current Chairman) Muhtar Kent have been contacted as the names for the advisory board.It was noted that the fund has entered into an agreement with Egon Zehnder, the world-renowned top-level human resources consulting firm, in order to contact these important names and start working to form the company's advisory board.The involvement of famous names in the advisory board will ensure that the fund's operation is directed correctly, while also paving the way for the fund to attract investment, especially the facilitation of borrowing. These world-renowned names will serve as a showcase to promote large infrastructure projects such as Channel Istanbul and Istanbul New Airport in the world and attract investors.Expected to reach a size of approximately $200 billion, the fund will also have an important function in terms of attracting foreign investors. The presence of former U.S. presidents on the forefront will also gain the trust of the U.S. funds with billions of dollars in assets.An annual resource of TL 35 billion to economyThe establishment of the fund is estimated to contribute 1.5 points to the national income growth within 10 years, meaning an annual contribution of TL 35 billion ($9.64 billion) to the national income which has reached TL 2.3 trillion with the new revision in the calculation method of the Turkish Statistical Institute (TURKSTAT). Of course, in the crisis situations caused by the growth and deepening of the capital markets, the decrease in the asset prices to be generated by the fund outflows that foreigners will realize, and the following liquidity problems that can be caused by the speculative foreign exchange demand of the domestic investors will be solved by the fund.Main objectives of the fund:National income will increase by 1.5 points.With the future investments, additional employment for hundreds of thousands of people will be provided.The use of Islamic financial assets will be widespread.Technology-intensive sectors such as defense aviation and software will be supported. These sectors will compete on the international platform.Mega projects such as highways, Channel Istanbul and nuclear power plants will be financed.Strategically important sectors such as oil and natural gas will be able to receive foreign investments.Sector share of participation financing will increase.