BAKU, Azerbaijan, December 21. Azerbaijan and Türkiye have prepared a project on restoration of 5 small HPPs in Azerbaijan's liberated territories, Azerbaijani Economy Minister Mikayil Jabbarov said, Trend reports.
He spoke at the opening ceremony of the Azerbaijani-Turkish Investment Forum.
Jabbarov noted that opportunities have been created for investors in Azerbaijan to participate in projects.
"Opportunities have been created for investors in Azerbaijan to participate in projects in which Azerbaijan Investment Company is a partner within the framework of public-private partnership. In this context, the Azerbaijan Investment Company is negotiating with colleagues from Türkiye, and this year a project for restoration of 5 small HPPs in our territories liberated from occupation has been prepared," he said.
The Minister noted that Türkiye is ranked 1st in terms of Azerbaijan's investments in foreign countries.
"This definitely demonstrates the extent of development of our countries' investment partnership. From 1995 to the first six months of 2023, our country invested $19.9 billion in Türkiye. It is encouraging that Türkiye is the first country to engage in Azerbaijan's non-oil and gas economy," he said.
The Azerbaijani-Turkish investment forum started in Baku.
The forum will consider opportunities to expand Azerbaijani-Turkish cooperation in various directions, sign investment and cooperation agreements.
More than 600 representatives of state institutions and private sector from both countries are taking part in the event.
Panel sessions covering investment, trade, agriculture, defense industry, green energy, health tourism sectors will be held within the forum.