BAKU, Azerbaijan, September 25. Zangezur
Corridor, also known as the TRIPP connectivity route, will further
strengthen Azerbaijan's role as a regional hub, said President
Ilham Aliyev in today's address to the participants of the 2nd Azerbaijan
International Investment Forum.
"Azerbaijan's economy has demonstrated strong resilience amid
global uncertainty and geopolitical challenges. Economic
diversification is at the core of our strategic objectives, and the
non-oil sector has become a key driver of economic growth. Since
2020, real GDP growth in the non-oil sector averaged 5% annually,
while non-oil industry grew 1.5-fold and non-oil exports nearly
doubled. As a result, the share of the non-oil sector in GDP
reached 72% in 2025.
This momentum rests on a stable and predictable business
environment. Macroeconomic stability, investments and favourable
entrepreneurial environment established in our country provide a
solid foundation for long-term investor confidence. Azerbaijan's
strategic geographical location, transport and logistics
capabilities, well-developed infrastructure in economic zones, tax
and customs incentives, as well as public-private partnership
mechanisms and joint investment funds established with partner
countries, offer investors broad opportunities to participate in
sustainable projects and to build partnerships that bring
technology, capital and expertise to the whole region.
Our country's global strategic partnerships and growing foreign
investment in the non-oil sector are paving the way for deeper
integration into global value chains in areas such as
manufacturing, trade, energy, digital transformation, artificial
intelligence and advanced technologies.
These positive trends have also been recognized by international
rating agencies. Fitch and Moody's have upgraded Azerbaijan's
sovereign credit ratings to investment grade, with the outlook for
the next period assessed as “stable” and “positive” respectively.
Our financial resilience is further underscored by strategic
currency reserves, which exceeded 110% of GDP at the end of
2025.
Located at the intersection of the East-West and North-South
corridors, Azerbaijan has become an important link and gateway
between Asia and Europe. The Middle Corridor links Central Asia
across the Caspian Sea with the South Caucasus, Türkiye and Europe,
while the emerging Zangezur Corridor, also known as the TRIPP
connectivity route, will further strengthen Azerbaijan's role as a
regional hub, and create new opportunities for trade, investment
and industrial cooperation across Eurasia," the head of state
noted.
