BAKU, Azerbaijan, June 16. The development of
Azerbaijan's non-oil sector and its logistics projects are
increasing the country's investment attractiveness, Ulvi Mansurov,
Chairman of the Board of the Azerbaijan Business Development Fund
under the Ministry of Economy, said, Trend's correspondent reports from the
event.
He made the remark during the "Azerbaijan Investment Outlook
Forum 2026" event held as part of the Annual Meeting of the Islamic
Development Bank (IsDB) Group in Baku.
He noted that although the Azerbaijani economy has been closely
linked to the oil and gas sector for many years, significant steps
have been taken over the past decade toward developing the non-oil
sector:
"During this period, state-led infrastructure expansion, the
creation of industrial parks, and the realization of free economic
zones—such as the Alat Free Economic Zone project—have served to
diversify the economy. The implemented reforms and investment
projects are shifting Azerbaijan toward a knowledge and services
economy."
He added that the development of logistics networks in the
country, particularly international transport routes like the
Northern Corridor and the Middle Corridor, further enhances
Azerbaijan's investment attractiveness.
According to him, a series of new regulatory changes have been
implemented in recent years to improve the business environment,
introducing mechanisms that stimulate the activities of both local
and foreign investors.
"The state encourages entrepreneurship through subsidies,
preferential loans, and various financial support mechanisms. The
primary objective is not merely financial assistance, but also the
formation of a sustainable infrastructure and a favorable
regulatory and legal framework," he outlined.
