Azerbaijan, Baku, April 5 / Trend A. Akhundov /
The Azerbaijan Investment Company's (AIC) cumulative project value exceeds $ 1.1 billion. This was told by the AIC executive director Rovshan Najafov in an interview to 'The Business Year' magazine.
According to him, the volume of investments today exceeds $115 million. The company's portfolio breakdown is as follows: 61.9 percent accounts for the industrial sector, 12.2 percent - agriculture, 7.4 percent - logistics, 6.2 percent - food processing, etc.
According to him, logistics is currently seeing a lot of interest from foreign investors.
AIC is actively engaged in assessing projects in this sector with potential partners.
"In addition, industry, alternative and renewable energy sector, infrastructure to facilitate tourism and agriculture are also attractive to investors," Najafov said.
According to him, AIC has been actively involved in a number of successful projects targeting industry development in the non-oil sector of the national economy, such as the shipbuilding plant, the Holcim-Azerbaijan plant and the agroservice enterprise in Agstafa.
The Azerbaijan Investment Company was established by the Decree of the President of Azerbaijan Ilham Aliyev on March 30, 2006 to finance the non-oil sector.
The only founder of the company is the Ministry of Economic Development.
The authorized capital of the AIC, amounting to 90 million manat upon its creation, has increased to 160 million manat by early 2010.
The official exchange rate on April 5 is 0.7846 AZN / USD.