Tuesday, 02 January 2024 12:17 GMT

Azerbaijan's Non-Oil Sector Dev't And Logistics Projects Boost Investment Attractiveness - Official


(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 16. The development of Azerbaijan's non-oil sector and its logistics projects are increasing the country's investment attractiveness, Ulvi Mansurov, Chairman of the Board of the Azerbaijan Business Development Fund under the Ministry of Economy, said, Trend 's correspondent reports from the event.

He made the remark during the "Azerbaijan Investment Outlook Forum 2026" event held as part of the Annual Meeting of the Islamic Development Bank (IsDB) Group in Baku.

He noted that although the Azerbaijani economy has been closely linked to the oil and gas sector for many years, significant steps have been taken over the past decade toward developing the non-oil sector:

"During this period, state-led infrastructure expansion, the creation of industrial parks, and the realization of free economic zones-such as the Alat Free Economic Zone project-have served to diversify the economy. The implemented reforms and investment projects are shifting Azerbaijan toward a knowledge and services economy."

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