BAKU, Azerbaijan, June 16. Restoration of
liberated territories and regional transport projects strengthen
Azerbaijan's investment prospects, Minister of Economy Mikayil
Jabbarov said at the event "Azerbaijan Investment Outlook Session"
held within the framework of the Annual Meeting of the Islamic
Development Bank (IsDB) Group in Baku, Trend's correspondent reports from the
event.
According to him, the restoration of liberated territories, the
return of internally displaced persons (IDPs) to their homelands,
and the process of socio-economic reintegration are among the
national priorities.
The minister reminded that IsDB was one of the first
international financial institutions to support social projects
implemented by Azerbaijan related to internally displaced persons
and refugees. He noted that currently, one in every 8 citizens in
the country was an internally displaced person or refugee, and
large-scale support programs were implemented in this
direction.
Jabbarov pointed out that IsDB was also one of the first
international financial institutions to allocate a special credit
line for the restoration of irrigation infrastructure in the
liberated territories, including the Karabakh irrigation canal.
"In the liberated territories, extensive tax breaks are applied,
modern infrastructure is being created, and the investment climate
is being made even more attractive with state support. Currently,
two large industrial parks are operating in those territories. At
the same time, a special economic regime is also applied in the
Nakhchivan Autonomous Republic, which has a unique strategic
position in terms of its location on the border with Türkiye, Iran,
and Armenia," the minister noted.
Jabbarov emphasized that Azerbaijan's investment prospects are
shaped by three main strategic advantages: transport connectivity,
green energy, and digital development.
He noted that the country is strengthening its position as an
important logistics hub on the Middle Corridor and playing an
important role in the development of interregional transport
links.
"Meanwhile, the Zangezur Corridor project, as one of the new
transport initiatives in the South Caucasus, will further
strengthen regional connections in the future," he explained.
The minister added that the green energy sector has also become
one of the main investment directions.
"Azerbaijan is working with international partners on green
energy cable projects that will connect the Black Sea and Caspian
regions. The country's digital agenda aims to accelerate
transformation in all sectors of the economy, expand the startup
ecosystem, and access of small and medium-sized enterprises to
digital markets," he concluded.
