Azerbaijani PM Ali Asadov highlighted the country’s strong economic growth and investment potential at the 4th Tashkent International Investment Forum.
During his official visit to Uzbekistan, Prime Minister Ali Asadov took part in the 4th Tashkent International Investment Forum (TIIF), where he highlighted Azerbaijan’s stable economy and investor-friendly reforms. With 2024 GDP growth at 4.1%, and a 6.2% surge in the non-oil sector, Asadov noted that Azerbaijan's foreign debt remains under 7% of GDP, while financial reserves are 14 times higher than debt. He pointed to reforms that improve investor protection, tax incentives, and administrative simplification.
Asadov also presented the country’s industrial parks and the Alat Free Economic Zone as key opportunities for investors. Over the past 20 years, Azerbaijan has attracted $338 billion in investments—half from foreign sources. He discussed reconstruction efforts in liberated territories, emphasizing their economic potential, and thanked Uzbekistan and Kazakhstan for their cultural contributions in Fuzuli.
The Azerbaijani PM also underscored collaboration in green energy, particularly through the Azerbaijan-Uzbekistan Investment Fund and the development of a green energy corridor via the Black Sea. He expressed optimism that TIIF would remain a key platform for advancing regional investment cooperation.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th July, covering the latest developments you need to know.
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