“Since gaining its independence, Azerbaijan has been placing a special emphasis on the collaboration with foreign investors, and realizing projects with leading world companies that have a great significance for both our country, and the region,” President of the Republic of Azerbaijan, Ilham Aliyev, said in his address to the participants of the First Azerbaijan International Investment Forum, APA reports.
"Social and economic reforms implemented in Azerbaijan and its integration into the global economy have opened up wider and favorable opportunities for international businesses in our country. Indeed, this explains the investments in the amount of 344,4 billion USD put in our economy in the span of 2004-2024 with its considerable part or 213,2 billion USD directed into the non-oil sectors. This is a clear showcase of confidence of foreign investors in Azerbaijan, the security and stability environment created in our country.
Currently, thousands of businesses with foreign capital are active in Azerbaijan. This is a considerable contribution to shape the competitive and sustainable economy based on modern corporate governance in our country. This confidence we gained, have made foreign companies to reinvest their revenues into the national economy still today," the address reads.
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