Baku:Azerbaijan’s significant energy advantages are positioning it as an attractive destination for establishing data centers and securing investments in this sector. This was highlighted by Shahmar Movsumov, Assistant to the President of the Republic of Azerbaijan and Head of the Department of Economic Affairs and Innovative Development Policy of the Presidential Administration.
According to Azeri-Press news agency, Movsumov addressed journalists, emphasizing the country’s capability to support the energy-intensive needs of data centers. He pointed out that the available and potentially green electricity in the future is a key advantage for Azerbaijan.
The 2nd Azerbaijan International Investment Forum, attended by investors managing over $30 trillion in assets globally, is a platform for exploring investment opportunities in Azerbaijan. Movsumov expressed optimism that the forum would lead to tangible investment projects, noting that some investment documents had already been signed, and groundwork for lar
ger initiatives was underway.