Iran invests nearly $1.2B in Azerbaijan`s economy

  10 November 2016    Read: 1073
Iran invests nearly $1.2B in Azerbaijan`s economy
Iranian investments in Azerbaijan`s economy amounted to almost $1.2 billion, $145 million of which were invested in the country’s non-oil sector, Head of Azerbaijan Export and Investments Promotion Foundation (AZPROMO) Rufat Mammadov said.
He made the remarks Nov. 10 at the “Investment opportunities of Azerbaijan and Iran” conference in Baku.

He said that 450 companies with Iranian capital currently operate in Azerbaijan.

“We believe that we can increase the volume of mutual investments,” Mammadov said. “We have all the opportunities for that. In recent years, Azerbaijan has done significant work to improve the investment climate in the country, and nowadays we have concrete proposals for the Iranian investors. It is not just about investments for large companies but also for the small ones.”

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