By the end of 2022, the investment portfolio value of Azerbaijan Investment Company and the total approved investments amount reached 240.3 million manats ($141.3), Minister of Economy Mikayil Jabbarov wrote on Twitter, Report informs.
According to him, 76% of that amount was directed to heavy industry, 13% to food industry, 3% to the green economy, and 8% to other areas.
“Increasing the efficiency of Azerbaijan Investment Company (AIC OJSC) is one of our upcoming targets. Last year, the operational expenditures of the Company were optimized; the profitability indicators on the main investment sub-portfolio and the liquidity sub-portfolio grew,” he tweeted.