(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 3. Azerbaijan is an attractive partner for investment and cooperation
in the world arena, Russian economist, analyst, public figure and
publicist Mikhail Khazin told trend .
He claims that involvement in local associations, into which the
global dollar system is disintegrating, has created special
prospects for investment in Azerbaijan's economy.
"Azerbaijan is currently dealing with difficulties brought on by
changes in the global oil and gas industry, which necessitates
making the best investment decisions and refocusing resources for
economic growth. The nation will need to seek for new prospects and
focus on technology in this situation. I think there is a big
opportunity to increase collaboration with Russia, China, India,
and other nations if Azerbaijan becomes a technology hub with its
headquarters in Baku," said Khazin.
"The Russian market is an excellent target for foreign
investment from Azerbaijan, and it also creates opportunities for
additional product export to Eurasian markets. These, in my
opinion, are not Azerbaijan's sole opportunities. Increasing its
commercial linkages with Central Asia and Russia, Baku may one day
become the financial hub of the whole Asian region. Cooperation
with Iran and Arab nations also appears to have the potential to be
advantageous for economic diversification and luring investment",
he noted.
The economist also asserts that investment in urban
infrastructure can spur the growth of the areas that were freed up
following the Second Karabakh War and give the local population
access to more contemporary amenities.
"Azerbaijan implements modern infrastructure, builds
modern factories, towns and villages in its liberated territories.
It will possibly provide the future population of these liberated
territories with higher wages and modern infrastructure, and I am
sure that Azerbaijan has all the possibilities for this," Khazin
said.
The economist emphasized that all of the aforementioned elements
combine to make Azerbaijan a desirable partner for international
investment and collaboration.
"The nation has enormous potential for the creation of new
technology, drawing in foreign capital, and elevating its standing
internationally. To ensure an even more secure and successful
future for its economy, Azerbaijan must yet make strong moves and
hold fresh, strategically sound elections, he said.
Comments
No comment