BAKU, Azerbaijan, July 29. Expanding investment
cooperation has been discussed between Azerbaijan and
Kazakhstan.


This was announced by Azerbaijani Economy Minister Mikayil
Jabbarov in his post on X social media page.


"During the meeting with Nurlan Zhakupov, Chairman of the
Management Board of Kazakhstan's National Welfare Fund
Samruk-Kazyna, we highlighted the prospects and priority areas for
further developing Azerbaijan-Kazakhstan economic cooperation.


We discussed expanding joint investment activities,
opportunities for cooperation with institutional investors,
partnerships in trade, industry, artificial intelligence, and other
sectors, as well as the implementation of green energy projects,"
the minister's post said.


In the recent exclusive interview with Trend, Kazakhstan's Vice Minister of Trade and
Integration Aset Nusupov announced that Kazakhstan and Azerbaijan
have significant potential for expanding cooperation in industry,
energy, agriculture, the digital economy, and logistics.


"The prospects for Kazakhstan-Azerbaijan cooperation are broader
than is commonly thought. We see several key areas, each of which
has the potential to make a significant contribution to a number of
areas," Nusupov said.


According to him, transport and logistics remain one of the key
areas of cooperation. The Middle Corridor continues to gain
momentum: cargo flows in the first quarter of this year increased
by 34.4% year-on-year. The joint development of port, railway, and
digital infrastructure is a common priority of the two countries
for years ahead.







He noted that high potential also remains in the energy sector.
Kazakhstan continues transporting oil via the Baku-Tbilisi-Ceyhan
(BTC) pipeline, with supply volumes reaching 1.42 million tons in
2024. This figure is expected to increase in line with the
agreement on the gradual expansion of transit volumes. At the same
time, interest in cooperation in the field of green energy is
growing. Both countries have significant potential in renewable
energy sources.


The vice minister also identified the agro-industrial sector as
another promising area. According to him, Kazakhstan is one of the
largest producers of grain, oilseeds, and meat, while Azerbaijan is
a growing market, and therefore the potential for mutual food trade
remains significantly underutilized.


Nusupov also emphasized that both countries are investing
substantial resources in digitalization. Joint projects in
artificial intelligence, digital trade, and e-government represent
an area where growth opportunities are practically unlimited.


He also highlighted the prospects for industrial cooperation. He
noted that Kazakhstan produces metals, chemicals, and processed raw
materials, while Azerbaijan is actively developing its non-oil
industry, creating real opportunities for the formation of joint
production chains.


"Kazakhstan and Azerbaijan are two countries that are moving in
the same direction: toward a modern, technological, and open
economy. Our path toward $1 billion in trade turnover is a path
toward a qualitatively new level of relations," he said.