Azerbaijan, Gabala, May 25 / Trend A.Akhundov /
Turkey expects nearly a quadruple increase in Azerbaijani investments in the country, Turkish Economy Minister Zafer Caglayan said during a speech at the Azerbaijani-Georgian-Turkish business forum in Gabala on Saturday.
"According to our estimates, Turkish companies have invested $ 6.5 billion in Azerbaijan's economy. The volume of Azerbaijani investments in Turkey stands at $4 billion, and we expect this figure to increase to $15 billion in the coming years. This will be achieved through the implementation of oil and chemical projects," Caglayan said.
According to him, to date, Turkish companies have invested $ 1.1 billion in projects in Georgia, while the Georgian investments in Turkey amounted to $23 million.
"The economies of the three countries have high growth prospects. They have demonstrated resilience to the crisis, while many developed countries have suffered great losses. We need to use a solid potential for cooperation between the three countries," Caglayan said.