Iran’s National Development Fund intends to invest in Azerbaijan
Baku, Azerbaijan, May 2
By Temkin Jafarov, Emil Ismayilov - Trend:
Iran's National Development Fund (NDFI) is ready to invest in Azerbaijan's financial market, Qasem Hosseini, deputy director general of the Fund told Trend during his visit to Azerbaijan.
He said the NDFI is also ready to invest in the projects that are currently being implemented in the country with participation of Iranian companies, as well as to provide financial support to Azerbaijani companies that intend to buy products in Iran.
Hosseini met with Azerbaijani officials during his visit to the country.
"We briefed the Azerbaijani officials about the fund's potential and opportunities. [...]. If we want to use the assets of the National Development Fund, then we prefer to invest in Muslim and neighboring countries," NDFI's deputy director general said.
Hosseini underscored that Azerbaijan has great investment opportunities.
The Azerbaijani side presented investment projects to NDFI in the oil and gas sphere, as well as in the sphere of petrochemistry.
"We plan to continue our bilateral cooperation. We will support both Iranians which are ready to invest in Azerbaijan, and Azerbaijanis which are ready to make investments in Iran," the fund's deputy director general said.
Currently, the assets of Iran's National Development Fund amount to $60 billion.
The trade turnover between Azerbaijan and Iran stood at $47.34 million in the first quarter of 2014, which is by 23 percent less than in the same period of 2013, according to the State Customs Committee of Azerbaijan.
Translated by L.Z.
Edited by C.N.