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AZPROMO: Over $360 million Dutch investments made in Azerbaijan’s non-oil sector

Business Materials 13 June 2013 14:09 (UTC +04:00)

Azerbaijan, Baku, 13 June / Trend E.Aliyev /

Over $360 million dollars worth of Dutch investment have been made in the non-oil sector of Azerbaijan, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov said on Thursday during the Azerbaijan-Belgium-Netherlands business forum held in Baku.

"Close cooperation has been established between Azerbaijan, Belgium and the Netherlands in political, economic and trade terms. In recent years, the Netherlands has invested over $360 million into the non-oil sector of the country. Belgian companies have also discovered Azerbaijan for themselves. There are already 16 companies backed with the Belgian capital in the country.

"Today's business forum will make a great contribution to the development of cooperation between the three countries and we believe relations between Azerbaijan and Belgium and the Netherlands will expand and deepen," Mammadov said.

According to him, this cooperation covers various areas of activity.

"Among those are the financial sector, high technologies and a variety of industries including food and agriculture. Moreover, cooperation in the field of alternative energy sources is also developing. Belgian and Dutch companies have shown great interest in cooperation with Azerbaijan in this sphere," Mammadov said.

The forum is discussing cooperation issues and presenting investment opportunities in Azerbaijan, the head of AZPROMO said.

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