Azerbaijan To Welcome New Persian Gulf Companies - AZPROMO
Date
9/26/2024 5:11:50 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 26. New companies
from the Persian Gulf countries will be welcomed in Azerbaijan, the
executive director of the Export and investment Promotion Agency
(AZPROMO) Yusif Abdullayev said at the Azerbaijan-Gulf Cooperation
Council economic forum, Trend reports.
“The Persian Gulf countries have invested more than $4 billion
in Azerbaijan's economy. Trade turnover between Azerbaijan and the
Gulf countries amounted to $75 million," he said.
Abdullayev recalled that during the first forum on economic
cooperation between Azerbaijan and the Gulf countries in 2017, the
start of projects in Azerbaijan was given to such giants as Masdar
and ACWA Power, which have become strategic partners of
Azerbaijan.
“I believe that after today's second forum, Azerbaijan's
cooperation with Gulf companies will further intensify,” Abdullayev
noted.
He added that within the framework of COP29 events in Baku in
November there will be separate panels for businesses whose
solutions should make an important contribution to the world's
fight against climate change, and invited Gulf companies to
participate in COP29 events.
Abdullayev also mentioned that the investment climate in
Azerbaijan is favorable for foreign investments and new companies
from the Gulf countries will be welcomed in Azerbaijan.
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