Azerbaijan Investment Company implements projects worth nearly $1 billion in five years

The Azerbaijan Investment Company has realized 23 projects worth 1.7 billion manats (almost $1 billion) over the past five years, the country’s economy minister, Mikayil Jabbarov, announced on Friday.

In a post on X, Minister Jabbarov stated that the sustainable development of the non-oil sector, attraction of foreign investments, and the creation of new enterprises through modern standards and advanced practices are among Azerbaijan’s top priorities.

“Over the past 5 years, in addition to establishing 19 new ventures, the Azerbaijan Investment Company, has implemented 23 projects across various fields, including food production, construction, pharmaceuticals, packaging, mining, and green energy. With a total value of 1.7 billion manats, these projects significantly contribute to expanding local manufacturing, fostering import-substituting industries, and increasing employment opportunities,” he added.

The sustainable development of the #nonoil sector, attraction of foreign #investment-s, and the creation of new enterprises through modern standards and advanced practices are among our top priorities. Over the past 5 years, in addition to establishing 19 new ventures, the… pic.twitter.com/fcbo83ei2P

— Mikayil Jabbarov (@MikayilJabbarov) January 31, 2025

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