President Ilham Aliyev has highlighted Azerbaijan’s security, transport connectivity, economic diversification and renewable energy potential, as he addressed the Second Azerbaijan International Investment Forum in Baku.
Speaking at an event themed “Restoring Trust in a Fragmented World: The South Caucasus as a Pillar of Global Connectivity and Investment Stability”, Aliyev said security was particularly important in the current global environment.
“I think another important factor, especially in today's world, is security. Azerbaijan is one of the safest places in the world,” he said.
“The crime situation is completely under control,” the president added.
Aliyev also highlighted political and economic stability, saying it had continued in Azerbaijan for more than 30 years.
Aliyev said Azerbaijan's geographical position and transport infrastructure were strengthening its role in regional connectivity.
“This is actually an unprecedented event, because geographically we are situated in the Caucasus, but already politically and from an economic and transportation point of view, we are part of the big Central Asian region,” he said.
He also pointed to digitalised transport and customs administration, as well as what he described as clear regulatory rules, as factors that could strengthen Azerbaijan's potential.
“So today we see a growing demand for transportation through Azerbaijan. Whether it's East-West or North-South, we are sitting on these two important junctures,” Aliyev added.
Mining, energy and investment
The president said a new state programme on mining had recently been adopted, describing it as a four-year programme expected to generate economic activity.
“Just several days ago, the state program on mining was adopted. It's a very short-term program for four years, which will generate a lot of activity. So these are the main directions of our development,” he said.
Aliyev also stressed the continuing importance of the oil and gas sector.
He said disruptions to traditional supply chains could create opportunities for investment.
Highlighting the country's economic diversification, Aliyev noted that more than 70 per cent of GDP currently comes from the non-oil sector, while cooperation with international partners is continuing to reduce the dominance of oil and gas in exports.
Aliyev identified renewable energy as one of Azerbaijan's main economic priorities, saying the country has significant potential in the sector.
“Our target is to reduce to a minimum degree the consumption of natural gas to generate power, and to use that reserve for export. And renewables will be in the coming five years everywhere in Azerbaijan,” he said.
The president also pointed to the potential use and export of additional electricity capacity, including for AI data centres.
Aliyev said international companies across different sectors view Azerbaijan as a reliable partner and highlighted the country's investment environment.
“Many leading international companies from different sectors of the economy consider Azerbaijan as a reliable partner,” he said.
The president added that Azerbaijan already has what he described as a “very good investment climate.”
As part of the event, a ceremony for the exchange of documents signed on the margins of the Second Azerbaijan International Investment Forum was held, with the participation of President Ilham Aliyev.
Azerbaijan is seeking to attract more European visitors by improving air connectivity and raising its profile as an international tourism des...
Russia says no plague cases have been detected among contacts of a laboratory worker who died in Siberia, with most tests negative for infectious d...
Space-agency chiefs and industry leaders met to discuss lunar exploration, satellite networks and orbital security on Tuesday as a major global spa...
Australian counterterrorism authorities are examining the links of the co-pilot accused of attacking the captain and attempting to take control of a flydubai flight bound for Israel. Authorities in New Zealand have also said they are investigating reports the suspect had spent time in that country.
Right-wing Brazilian Senator Flavio Bolsonaro will face leftist President Luiz Inacio Lula da Silva in a runoff of the presidential election later this month, after he exceeded expectations in Sunday's first-round vote with a slight lead over the incumbent.
Russia says no plague cases have been detected among contacts of a laboratory worker who died in Siberia, with most tests negative for infectious diseases and many quarantined people already released.
Iran's Oil Minister Mohsen Paknejad has resigned, with Hamid Bovard, chief executive of the state-owned National Iranian Oil Company (NIOC), appointed as acting oil minister, according to Iranian state media.
Candidates elected to Bosnia and Herzegovina's three-member presidency declared victory after preliminary unofficial results showed Denis Becirovic leading the Bosniak seat, Darijana Filipovic ahead in the Croat seat and Zeljka Cvijanovic likely retaining the Serb seat.
Armenian Prime Minister Nikol Pashinyan has said the Trump Route for International Peace and Prosperity (TRIPP) project could become a cornerstone of economic transformation in Armenia and the wider region, while boosting investment and regional connectivty.
Central Asian countries are strengthening sanitary and quarantine controls amid the situation in Russia’s Irkutsk region. Kyrgyzstan, Kazakhstan, Uzbekistan and Tajikistan have introduced preventive measures following the death of an employee of a plague research institute in the city of Shelekhov.
Kazakhstan’s former navy chief, Kanat Niyazbekov, has been arrested after 14 servicemen died during military exercises in the Caspian Sea in September, Russian state news agency TASS has reported, citing law enforcement authorities.
The German-Azerbaijani Connectivity Conference 2026 commenced on 6 October in Baku under the title “Mobilising Finance for Infrastructure, Transport, Logistics, Green Energy, and Digitalisation along the Middle Corridor.”
Saudi Arabia, Pakistan and Türkiye on Monday agreed at an emergency meeting in Riyadh to put their Mecca Joint Defence Agreement into practical effect, deciding to deploy agreed military forces and capabilities rapidly to the kingdom as Houthi attacks and a Saudi-backed offensive in Yemen continue.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment