BAKU, Azerbaijan, January 25. The rising interest of large companies in Azerbaijan shows the country's big economic prospects, political analyst Azer Garayev told Trend.
"The World Economic Forum in Davos is not only a platform for discussing global economic issues but also a unique space where strategic relations between countries and companies are built. This year, the forum's focus was on meetings between President of Azerbaijan Ilham Aliyev and representatives of the world’s largest companies at their request. These meetings served as further confirmation of the heightened interest in Azerbaijan's economy and the country's importance in international economic relations.
These companies include giants such as Carlsberg Group, DP World, and The Goldman Sachs Group Inc. Each is a leader in its field; they carefully assess the economic opportunities and investment potential of Azerbaijan. During the meetings between the head of state and international companies in Davos, the main focus was on Azerbaijan's economic achievements, the development of the non-oil sector, and the conditions created for foreign investors.
The economic reforms, infrastructure projects, and innovations in the energy sector carried out in recent years have created the conditions for Azerbaijan to become one of the key players in the global economy," he said.
Garayev pointed out that Azerbaijan, sitting at the crossroads
of the East and the West, plays a crucial role as a vital center
for international trade thanks to its energy resource exports and
transit routes.
He believes that this role is bolstered by initiatives like the
Baku-Tbilisi-Kars railway, the Baku International Sea Trade Port,
and other endeavors that highlight the significance of the
country.
"Moreover, the economic model based on principles such as improving the business environment, transparency, and competitiveness in Azerbaijan is attracting foreign investors. The prioritization of the non-oil sector has led to the development of industries such as agriculture, manufacturing, tourism, and financial services.
As Azerbaijan's role in the international economic system grows, the country becomes increasingly attractive to global companies. The main reasons for this interest are sustainable economic growth, a stable political environment, and regional and international connections," he explained.
The analyst highlighted that Azerbaijan's economy has been demonstrating stable growth rates in recent years.
"The revenues from the oil and gas sector are being directed towards the development of non-oil sectors, which makes the country's economy more resilient. Internal political stability and Azerbaijan's balanced foreign policy create a secure environment for investors.
Azerbaijan is not only an exporter of energy resources but also a regional transport and logistics hub. As a strategic bridge between Europe and Asia, the country has become an important part of international trade through the Middle Corridor project.
The meetings held by the head of state with representatives of international companies within the framework of the Davos Economic Forum are another proof of the value placed on Azerbaijan's economic development, its position in international relations, and its investment potential.
The growing role of Azerbaijan in the global economy, along with the increasing attention from foreign companies, indicates that important steps have been taken toward transforming the country into a global investment center. The meetings point to a successful economic future for the country," added Garayev.
To note, the 55th Annual Meeting of the World Economic Forum convened in Davos, Switzerland, from January 20 to 24, 2025. This esteemed gathering convened a multitude of industry titans, innovative entrepreneurs, influential figures, and political dignitaries from across the globe to engage in discourse on pressing global matters and to collaboratively seek solutions to the challenges we face now and in the future, including the ascent of artificial intelligence, the transition to decarbonized industries, and the battle against climate change.
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