Turkey's MUSIAD: attracting foreign investments to Azerbaijan one of main priorities

Turkey's MUSIAD:  attracting foreign investments to Azerbaijan one of main priorities

Baku, Azerbaijan, Mar. 6

By Rufiz Hafizoglu – Trend:

One of the main priorities for Turkey’s Independent Industrialists' and Businessmen's Association (MUSIAD) is to attract foreign investment to Azerbaijan, Abdurrahman Uzun, head of the Baku office of MUSIAD, told Trend.

Uzun noted that, in recent years, serious and important steps have been taken in Azerbaijan for economic development.

"One can cite regular events for the development of tourism, agriculture and other areas, along with ongoing reforms, new industrial parks and other new developments as examples thereof. Besides this, it must be emphasized that serious support is also provided to entrepreneurship," he added.

According to the head of the MUSIAD Baku office, measures taken in Azerbaijan for strengthening the economy are leading to investments being made in various spheres in the country, not only by local entrepreneurs, but by foreign businessmen as well.

Uzun noted that MUSIAD is interested in attracting investments to Azerbaijan from all countries where this organization has a presence.

"One can bring up the construction of a plant for the production of fertilizers in one of the regions of Azerbaijan as an example. With the start of the enterprise’s operations, the import of fertilizers from abroad will be significantly reduced, and domestic demand for fertilizers can be fully met. In the next 3 months, a fertilizer factory is expected to open," he said.

Uzun said that large strategic investments made in the Azerbaijani economy in a relatively short period of time by the members of MUSIAD causes a sense of pride.

The head of the MUSIAD Baku office also noted that one of the main tasks of Turkey's Independent Industrialists' and Businessmen's Association is to increase the number of its members and ensure consistent, planned work of the organization. Along with this, creation and operation of a common group of companies from MUSIAD members in Azerbaijan is planned.

The head of the MUSIAD Baku office also noted that presently, half of the board members of the Baku office of the Association are Azerbaijani, and another part comprises Turkish businessmen.

"In general, 60 percent of our members are Turkish businessmen, and the rest are Azerbaijani businessmen," Uzun said. "I am sure that the number of Azerbaijanis participating in the organization will increase by the end of this year. In general, MUSIAD makes no difference between Azerbaijani and Turkish businessmen, remaining committed to the "One nation, two states" principle."

Uzun also spoke about the tasks set for this year.

"For 2019, we formulated three main goals, one of which is the development of entrepreneurship, the second is individual development, and the third one is mass development," he said. "To this end, trainings started to be held for businessmen in Azerbaijan. Starting from the second quarter of this year, Turkish businessmen who achieved success in various spheres of activity will be invited to Azerbaijan."

"It is planned to exchange experience between them and Azerbaijani businessmen, and this should become very effective and useful undertaking," he noted. "In the past, an exhibition organized by MUSIAD in Turkey was attended by 12 Azerbaijani businessmen and steps were taken to establish new ties."

He added that the lack of language barriers is the main advantage for Turkish businessmen in Azerbaijan.

Development Bank of Kazakhstan looking to expand co-op with Turkish businessmen
Development Bank of Kazakhstan looking to expand co-op with Turkish businessmen
Main reasons for drop in Kazakhstan's foreign reserves unveiled
Main reasons for drop in Kazakhstan's foreign reserves unveiled
Kazakhstan acquainted with global trends in attracting investments
Kazakhstan acquainted with global trends in attracting investments
Loading Bars
Latest
Turkey sends off 2nd boron export train to China
First kidney transplant performed in Turkmenistan
Bahar Azadi gold coin price continues to fall in Iran
Iran unveils data of gasoline and petrochemicals exports
New transmission line to provide opportunities for both Georgia’s and EU energy network - expert
Weekly review of key events in Azerbaijan's transport sector
China fines Alibaba record $2.75 billion for anti-monopoly violations
Italy reports 344 coronavirus deaths on Saturday, 17,567 new cases
Azercell’s “Kabinetim” mobile app exceeded 1 million downloads
Pakistani FM to visit Tehran
Funeral for UK's Prince Philip to be held on April 17
Pinterest becomes latest platform to appoint Turkey representative
Italy's economy seen growing 4.1% this year
Volume of cargo loaded, unloaded in Iran’s Bandar Lengeh port announced
Turkmenistan’s growth of trade turnover in 1Q2021 announced
Turkish electrical goods' 1Q2021 export to Uzbekistan spikes
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Iran's Energy Exchange announces products to be on sale on April 11
Uzbekistan ready to actively partake in restoring Azerbaijan's liberated territories
Azerbaijan confirms 2,192 more COVID-19 cases, 1,554 recoveries
Turkey did its best in media coverage of Azerbaijan's Patriotic war - presidential administration
Azerbaijani president's assistant meets with Turkic Council's secretary-general
Briefing of Turkic Council's high-ranking media officials held in Baku (VIDEO)
Anti-Turkic campaigns periodically carried out - Azerbaijani president's assistant
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official
Azerbaijan working to develop ties between Turkic states - president's assistant
Turkic Council developing roadmap for better co-op with Turkic-speaking countries
Turkic-speaking countries to continue to support Azerbaijan - Turkic Council
Armenia's refusal to provide maps of mines on Azerbaijan's lands is concerning - ambassador
Turkic Council's meeting held in Baku (PHOTO)
Iran reveals COVID-19 data for April 10
Kazakh, Uzbek PMs launch construction of new 'Central Asia' int'l co-op center
Turkish Ambassador: I've never separated Azerbaijan and Turkey, both are homeland to me
Buta Airways to Start Operating Flights to Zhukovsky Airport
Turkey's support for Azerbaijan in Karabakh war will always be in our memory - President Aliyev
Azerbaijan's MoD organizes visit for foreign military attaches to Air Force military unit
Turkish-Azerbaijani fraternal relations are at highest level today - President Aliyev
Iran's exports via Jolfa border checkpoint increase
Georgia reports 506 new coronavirus cases for April 10
SOCAR's capex to moderate due to SGC, STAR refinery’s commissioning
Certain licenses issued to setting up enterprises in Iran's Markazi Province
Turkey unveils 2M2021 data on freight, passenger traffic through Ankara Esenboga Airport
Azerbaijani oil prices up
Fitch Affirms SOCAR at 'BB+'
Turkmenistan's state budget revenues surpass initial forecast
Georgian TBC Leasing's secured debt rating equalizes with its Long-Term IDR
Azerbaijani president awards former Turkish ambassador with 'Dostlug' order
President Ilham Aliyev receives Turkish Ambassador to Azerbaijan Erkan Ozoral (PHOTO)
Turkmenistan's GDP grows in 1Q2021
Weekly review of Azerbaijani currency market
Iranian currency rates for April 10
Azerbaijan has favorable investment climate - Turkish MUSIAD
Azerbaijani Mine Action Agency continues to clear Gubadly, Zangilan, Jabrayil from mines
India reports a record 145,384 COVID-19 infections
Armenia set up booby traps on Azerbaijan's de-occupied lands - Mine Action Agency
Azerbaijan's rhythmic gymnasts 2-nd in online tournament organized by Finnish Gymnastics Federation
Azerbaijani gymnastics team captures silver in Egypt (PHOTO)
China's top market regulator imposes penalty on Alibaba Group over monopoly conduct
Iran's Isfahan producing 2,100 tons of medicinal herbs
Japanese entrepreneurs intend to increase imports of Kyrgyz honey
Austrian companies eye contribution to Georgian ports' expansion - ministry
Turkey reports 55,791 new COVID-19 cases
Germany to amend law for nationwide COVID-19 response
World Bank says Azerbaijan's consumer market to grow till 2023
Janssen's COVID-19 vaccine under EU review over blood clots
Number of COVID-2019 cases across globe up by over 718,000 in past day, says WHO
Poland's COVID-19 cases top 2.5 mln
Georgian-Lithuanian co-op facilitates freight transport between China, Europe - Ministry
US accelerator to provide Azerbaijani startup project with big investments
Eurowings to start flights from Dusseldorf to Georgia
NASA's Mars helicopter to attempt first flight
Health Minister hails vaccination in driving down COVID-19 severity in Turkey
Saudi-led coalition intercepts bomb-laden drone towards border city
Azerbaijani president expresses condolences to PM of UK
UN interested in intensifying ties with Azerbaijan - President of General Assembly
Azerbaijani FM, Sec-Gen of Turkic Council discuss issues of mutual interest (PHOTO)
"Georgia Capital" investment company to sell part of its business
Iran's only option on negotiation table - US lifting sanction - Iran’s ambassador to IAEA
Turkmen Helath Ministry opens tender for purchase of medical supplies
South Korean PM to visit Iran for Seoul-Tehran Cooperation
Speaker of Azerbaijani parliament meets with president of 75th session of UN General Assembly (PHOTO)
Azerbaijani president expresses condolences to Queen Elizabeth II
Azerbaijan clearing territory for new settlement of mines in Zangilan district
Azerbaijan aims developing use of wind energy
Russian, Turkish presidents call for restoration of transport infrastructure of South Caucasus
Azerbaijan actively participates in implementation of int’l projects within BTK and North-South corridors
State Oil Company of Azerbaijan digitizes information on oil and gas wells in corporate database
Azerbaijani, Turkish armies Joint Operational-Tactical Exercises end (PHOTO/VIDEO)
International Bank of Azerbaijan opens tender to buy network equipment
Russia always ready for settlement option supported by sides of Karabakh conflict - Foreign Ministry
State Oil Company of Azerbaijan hosts opening ceremony of Visualization Center (PHOTO)
Embassy of India organizes Interactive Webinar to promote Indian spices (PHOTO)
Bank Melli Iran’s branch in Azerbaijan completes Q1 2021 with profit
Uzbekistan receives status of GSP+ system's beneficiary
Turkmenistan's Turkmenhimiya SC opens tender for ammonium nitrate purchase
Turkish business’s interest in Azerbaijan’s Khachmaz district growing (PHOTO)
Azerbaijani defense minister meets with Turkish ambassador
Mine Terror: Armenia's terrifying deceit – Trend’s video project
Georgia and Israel agree on legal employment
All news