BAKU, Azerbaijan, January 12. Azerbaijan has implemented 585 projects within the framework of investment promotion mechanisms since 2016, said President of the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan Mammad Musayev, Trend reports.
Musayev made the statement during a conference on "State-business partnership: the basis of a sustainable economy" held in Baku.
"Over 5.6 billion manat ($3.29 billion) have been invested in the economy, and over 38,000 jobs have been created as a result of the implementation of the projects," he said.
"Machinery, technological equipment, and devices worth up to $1.1 billion have been imported to Azerbaijan on preferential terms, and modern production facilities have been built so far. The promoted projects resulted in establishing enterprises manufacturing new products in the country," added the official.
The conference held at the Heydar Aliyev Center in Baku was initiated by representatives of various business associations and entrepreneurs working in industries such as manufacturing, construction, agriculture, logistics, ICT, healthcare, insurance, tourism, textiles, and other sectors.
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