BAKU, Azerbaijan, June 17. Over $350 billion
has been invested in the Azerbaijani economy over the past 20
years.
This was announced by Prime Minister Ali Asadov at the 5th
Tashkent International Investment Forum.
"In the context of today's discussions, I would like to share
Azerbaijan's experience in attracting investments, developing the
private sector, and improving the investment climate. Azerbaijan
consistently pursues a policy of openness of the economy and
promotion of entrepreneurial initiatives," he said.
According to the prime minister, over the past 20 years, more
than $350 billion has been invested in the country's economy, of
which about half is foreign investment.
"A modern legislative framework has been formed in the country,
ensuring reliable protection of investor rights, ensuring the
inviolability of investments, free movement of capital, and
creating equal conditions for all market participants," he
explained.
Asadov noted that one of Azerbaijan's important competitive
advantages is its unique geographical location at the intersection
of the main transport routes of Eurasia.
"Consistently implemented infrastructure projects have turned
our country into one of the most important transport and logistics
hubs in the region. Today, Azerbaijan continues to invest
significant funds in the development of modern transport
infrastructure, seaports, railways, and highways, thereby
contributing to the strengthening of regional ties and the
expansion of business opportunities," he mentioned.
Asadov pointed out that another promising direction is the
development of green energy.
"Azerbaijan has set ambitious goals to increase the share of
renewable energy sources in the national energy balance.
Large-scale projects are being implemented in the fields of solar
and wind energy, leading international companies are being
attracted, and new opportunities are being created for investors,"
he added.
