Azerbaijan, Saudi Arabia Moot Development Of Investment Ties
Date
10/1/2024 8:08:17 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 1. Azerbaijani
Economy Minister Mikayil Jabbarov held a meeting with a delegation
headed by Chairman of the Federation of Saudi Chambers Hassan
Moejeb Alhwaizy, Trend reports.
The meeting noted the successful development of economic
relations between Azerbaijan and Saudi Arabia. It was emphasized
that there is a favorable environment for investors in Azerbaijan
and noted the importance of the project implemented in Azerbaijan
by the Saudi company“ACWA Power” in the field of alternative and
renewable energy.
Furthermore, it was mentioned that the Azerbaijan-Saudi Arabia
Joint Business Council is an effective mechanism for realization of
opportunities for expansion of investment cooperation and increase
of bilateral trade turnover.
The importance of deepening joint activities to diversify the
economy and ensure sustainable development in our countries was
emphasized.
The sides also discussed promotion of bilateral investments and
trade relations, establishment of joint ventures, and possibility
of participation of Saudi Arabian investors as residents in
Azerbaijan's industrial parks.
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