Azerbaijan, Baku / Trend , corr I. Khalilova / Anar Akhundov, the Chief Executive of Azerbaijani Investment Joint-Stock Company (AIC), reported that a delegation from the Switzerland Investment Company UBS is to visit Azerbaijan in the first half of March.
The AIC presentation ceremony was held in the United States and London in December 2006. This is the second visit from representatives of the foreign investment companies to visit Azerbaijan, the first visit being made by representatives from the American company Greylock Capital Management in February.
During the meeting opportunities for co-investing non-oil sector projects in Azerbaijan are to be considered. The investment companies are interested in participating in all the large-scale projects and are ready to consider all possible alternatives. The investments may be added to the company stock share or may acquire Debt Instruments.
"Greylock Capital Management is waiting for confirmed projects from AIC. During their visit to Baku, several projects were worked out in detail. After the signing of a Memorandum on Intentions, definite projects will be confirmed," Akhundov said.
Akhundov's visit to the United States and London was to inform the leading investment companies of Azebaijan's economic development potential and its favorable atmosphere for investments in the country as well as the attraction of investors to the non-oil sector. J.P.Morgan, BCP Securities, Bear Stearns and other leading investment companies became interested in joint-financing of the projects with the AIC.