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Azerbaijan’s industry open for investments

Business Materials 25 April 2013 14:21 (UTC +04:00)

Azerbaijan, Baku, April 25 / Trend E. Ismailov /

Industry in Azerbaijan is open for small and medium entrepreneurs and the Ministry of Industry and Energy, the Ministry of Economic Development, as well as other state agencies are ready to render assistance, Minister of Industry and Energy Natig Aliyev said on Thursday.

According to Aliyev, for over 20 years Azerbaijan has been realising a policy of attracting foreign investors, especially the influential and well-known ones with good financial and technical capabilities. And now this policy is actively supported by the head of state, the country's goal is now the development of the non-oil sector.

"This is not an easy task because as you know, it is necessary to attract a large amount of investments. Today, the state is investing large amount of assets in this field," Aliyev said.

Touching on the issue of industrialisation, Aliyev noted that there is no need to hurry this issue. For example according to him, the process of industrialisation in the Soviet Union took decades resulting in the establishment of large industrial enterprises and the country evolved from an agrarian to an industrial one.

"I believe that there is no need to hurry and if Azerbaijan needs the industrialisation in the sense you are speaking about, it will necessarily take place," Aliyev said.

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