Baku: Azerbaijan has been realizing projects with leading world companies that have a great significance, President Ilham Aliyev stated in his address at the First Azerbaijan International Investment Forum. The President emphasized the country’s focus on collaboration with foreign investors since gaining independence, outlining the importance of these partnerships for both Azerbaijan and the broader region.
According to Azeri-Press News Agency, President Aliyev highlighted the impact of social and economic reforms in Azerbaijan, noting the nation’s successful integration into the global economy. He revealed that from 2004 to 2024, Azerbaijan attracted investments totaling 344.4 billion USD, with a substantial portion, 213.2 billion USD, directed towards non-oil sectors. This investment level reflects foreign investors’ confidence in Azerbaijan’s stable and secure environment.
The President also pointed out the presence of thousands of foreign-capital businesses operating in Azerbaijan, contributing significantly to developing a competitive and sustainable economy. He noted that this ongoing confidence has led foreign companies to continue reinvesting their revenues into the national economy.