Azerbaijan is consistently developing the practice of creating joint investment platforms with friendly countries, Prime Minister Ali Asadov said in his speech at the 5th Tashkent International Investment Forum, APA reports.
“Last year, Azerbaijan created its own international platform for investment dialogue by holding the First International Investment Forum. The forum was met with great interest by investors, business representatives and international financial institutions. As a logical continuation of this success, the Second Azerbaijan International Investment Forum will be held in September this year. Taking this opportunity, we invite all our partners to participate in that forum,” the Prime Minister said.
Ali Asadov noted that expanding international investment cooperation is of particular relevance today amid the transformation of the global economy:
“In this context, joint investment funds that ensure the effective pooling of financial resources and create favorable conditions for the implementation of strategically important projects serve as an important instrument. Guided by this approach, Azerbaijan is consistently developing the practice of creating joint investment platforms with friendly countries. In particular, the joint investment funds established with Uzbekistan, Kazakhstan and Kyrgyzstan are already serving as an effective mechanism for deepening economic partnership and attracting investments into promising sectors.”
The Prime Minister pointed out that more than $350 billion has been invested in the country's economy over the past twenty years, approximately half of which accounts for foreign investments.
“A modern legislative framework has been established in the country that ensures reliable protection of investors' rights, guarantees the inviolability of investments, the free movement of capital and equal conditions for all market participants. One of Azerbaijan’s key competitive advantages is its unique geographical position at the intersection of major Eurasian transport routes. Infrastructure projects implemented consistently have turned our country into one of the region’s most important transport and logistics hubs. Today, Azerbaijan continues to invest significant resources in the development of modern transport infrastructure, seaports, railways and highways, which contributes to strengthening regional connectivity and expanding opportunities for business.”
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