Baku:President Ilham Aliyev attended a significant event as part of the 2nd Azerbaijan International Investment Forum, which took place in Baku. The event, themed ‘Restoring Trust in a Fragmented World The South Caucasus as a Pillar of Global Connectivity and Investment Stability,’ was held under the patronage of President Aliyev and focused on Azerbaijan’s role in global investment.
According to Azeri-Press news agency, the President participated in a discussion moderated by Adebayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners. During the event, Ogunlesi praised Azerbaijan’s economic transformation under Aliyev’s leadership, noting the tenfold increase in GDP and a significant reduction in the poverty rate. He highlighted Azerbaijan’s growing role as a critical supplier of natural gas to Europe and Turkey, especially in the context of the ongoing geopolitical situation.
President Aliyev emphasized the importance of building on Azerbaijan’s economic achievements to ensure future growth. He identified renewable energy, logistics, and connectivity as key drivers for economic development. Aliyev pointed out Azerbaijan’s potential in renewable energy, particularly in the Caspian Sea, and stressed the importance of expanding the country’s role as a transit hub, given its strategic location between Europe and Asia.
The President also discussed Azerbaijan’s efforts to maintain political and economic stability, which he described as crucial for attracting foreign investment. He highlighted the country’s strong financial position and low public debt, as well as its commitment to creating a favorable investment climate. Additionally, Aliyev outlined plans to continue developing the oil and gas sector while also focusing on sectors beyond hydrocarbons to diversify the economy.
Aliyev invited international investors to explore opportunities in Azerbaijan’s infrastructure, digital development, and renewable energy sectors. He encouraged them to invest in the country’s future, underscoring Azerbaijan’s strategic importance and commitment to maintaining strong relationships with global partners.
Throughout the discussion, Aliyev reiterated Azerbaijan’s dedication to fostering a stable and attractive environment for investors, emphasizing the country’s achievements and aspirations for continued growth and development.