Investors make $2 from $1 put in Azerbaijan’s energy sector
Baku, Azerbaijan, Dec. 8
By Azad Hasanli – Trend:
Investors earned two dollars for every dollar invested in Azerbaijan's energy sector, said Azerbaijani Economy Minister Shahin Mustafayev.
He was addressing an international investment conference taking place in Baku Dec. 8.
“Azerbaijan is a safe country and a stable and reliable partner. World-famous companies, including BP, Statoil and many others, are our partners,” Mustafayev said. “Another important thing is that Azerbaijan has not participated in any arbitration court.”
He noted that investments in Azerbaijan are securely protected.
“Investors can easily take out of the country the money they earn here,” the minister said.
The international investment conference in Baku is organized by the Islamic Corporation for the Development of the Private Sector (ICD), Islamic Development Bank Group Business Forum, Azerbaijan Investment Company and Azerbaijan Export and Investment Promotion Foundation (AZPROMO).
The event is attended by more than 200 representatives and heads of state bodies, local and foreign companies from 24 countries.