Baku: Technical and economic studies should be carried out in Azerbaijan and small projects should be implemented, said Nikolaas Alberts, head of the Middle East department of Ninety One, during his speech at the 1st Azerbaijan International Investment Forum, APA reports.
According to Azeri-Press News Agency, Nikolaas Alberts emphasized the role of private sector investment in facilitating Azerbaijan’s energy transition. He mentioned that Ninety One has established a private sector investment laboratory to provide investment capital to countries aiming for an energy transition. Furthermore, the company has set up a loan fund to aid these countries in acquiring new technologies.
Alberts highlighted the importance of having lenders to support such initiatives, stating that many projects could be developed in Azerbaijan. His remarks reflect a broader strategy to foster economic development and technological advancement through strategic investments in the region.