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Sakova added that the memorandum signed on May 7 during the Azerbaijan-Slovak business forum between the Azerbaijan Investment Company and Eximbanka SR provides for cooperation on projects for the construction of small hydroelectric power plants.

A memorandum of mutual understanding on cooperation between Azerbaijan Investment Company and Slovakia's Eximbank has been signed as part of the Azerbaijan-Slovakia business forum.

“During the meeting with the Islamic Development Bank Group, memorandums of understanding were signed between the Azerbaijan Investment Company and the Islamic Corporation for the Development of the Private Sector, as well as between AZPROMO and the Islamic Corporation for the Insurance of Investments

The total investment portfolio of Azerbaijan Investment Company (AIC) OJSC, owned by the Ministry of Economy, amounted to 325 million manats (over $191 million) as of December 31, 2023, Report informs citing the ministry.

According to the contract signed between Azerbaijan Investment Company OJSC, under the Ministry of Economy, and Hell Energy company, a new factory with an annual production capacity of 700 million aluminum beverage cans will be put into use next year in the territory of the Alat Free Economic Zone, Report

"Besides, according to the contract signed between Azerbaijan Investment Company OJSC, operating under the Ministry of Economy, and Hell Energy Company, a new factory based on advanced technologies with an annual production capacity of 700 million aluminum beverage cans will be built in the territory

A Memorandum of Understanding has been signed between Azerbaijan Investment Company OJSC and Türkiye’s Gürok Group company to explore opportunities for the construction of a glassware manufacturing plant in Azerbaijan, said Economy Minister Mikayil Jabbarov, Report informs.

"The Joint Participation Agreement has been signed among "Azerbaijan Investment Company" OJSC, Türkiye's "Demiroren Yatirim Holding A.S.," and "Arges Enerji Team" LLC for the restoration and operation of 5 small hydropower plants in Kalbajar and Lachin districts.

According to him, Azerbaijan Investment Company OJSC, owned by the ministry, is negotiating with companies from Türkiye, and this year, five small HPP restoration projects have been prepared: "Restoration work will be carried out at the expense of private investments."

Azerbaijan Investment Company OJSC owns a 29% stake in Gen Pharma Caucasus Manufacturing Operations.