President Ilham Aliyev: We need to attract more private sector and foreign investors to our country

Ilham Aliyev, the President of the Republic of Azerbaijan

© APA | Ilham Aliyev, the President of the Republic of Azerbaijan

# 15 July 2022 21:59 (UTC +04:00)

Stability, peace, unity of people and power, national solidarity in our country - all these are very important factors. When we look at the processes going on in the world today, we see that in some places there are no conditions for investments at all. Because the investor will not go to a risky country. As a result of tireless efforts of the Great Leader at that time - in the early 1990s, we were able to bring billions of dollars of investment to the country, which was considered the most risky. Where to? To the oil sector. There was not much interest in gas projects. Because this was the most attractive sector for us, said President Ilham Aliyev as he made a speech at a meeting dedicated to the results of the first six months of this year, APA reports.

The head of state said: "Today, large companies are applying to invest in the non-oil sector, and the number of applications is increasing. Because the unity of all these factors ensures it. The investment climate, our cooperation with big companies, political stability, of course, the Victory in the Second Karabakh War convinced investors even more. Because there are no more risks of war. At the same time, the attitude towards Azerbaijan, the already positive attitude, changed to an even more positive one. Because, like us, to wage war and win taking into account that difficult terrain for 44 days, of course, I think it is appreciated by everyone in the world. Therefore, we need to attract more private sector and foreign investors to our country. For this, of course, we should work more actively in the countries that can bring the main investment. The Ministry of Economy and our other institutions, including the Tourism Agency, should also promote this area, not only our natural beauties. Business forums and investment conferences should be held regularly in Azerbaijan so that we can present our opportunities."

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