Bank Of Baku

Heydar Babayev: Azerbaijan’s future is related to the service sector

Heydar Babayev: Azerbaijan’s future is related to the service sector
# 04 September 2008 17:04 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Becoming a transit country, Azerbaijan will provide good opportunities for foreign investors, said Heydar Babayev, the Minister of Economic Development.
According to him, the country’s future is related to more the service sector than the oil and gas sectors.
“Oil production may decline or be depleted in the future. That’s why we have to develop the service sector, to turn Azerbaijan into a transit country and attract foreign investors,” he noted.
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