BAKU, Azerbaijan, October 1. Azerbaijani Economy Minister Mikayil Jabbarov held a meeting with a delegation headed by Chairman of the Federation of Saudi Chambers Hassan Moejeb Alhwaizy, Trend reports.
The meeting noted the successful development of economic relations between Azerbaijan and Saudi Arabia. It was emphasized that there is a favorable environment for investors in Azerbaijan and noted the importance of the project implemented in Azerbaijan by the Saudi company “ACWA Power” in the field of alternative and renewable energy.
Furthermore, it was mentioned that the Azerbaijan-Saudi Arabia Joint Business Council is an effective mechanism for realization of opportunities for expansion of investment cooperation and increase of bilateral trade turnover.
The importance of deepening joint activities to diversify the economy and ensure sustainable development in our countries was emphasized.
The sides also discussed promotion of bilateral investments and trade relations, establishment of joint ventures, and possibility of participation of Saudi Arabian investors as residents in Azerbaijan's industrial parks.