Azerbaijan Investment Company implements almost $1B worth of projects

The Azerbaijan Investment Company (AIC) has implemented 23 projects worth 1.7 billion manats (almost $1 billion) over the past five years, Azerbaijani Economy Minister Mikayil Jabbarov wrote on X, Report informs.

“The sustainable development of the nonoil sector, attraction of foreign investments, and the creation of new enterprises through modern standards and advanced practices are among our top priorities.

Over the past 5 years, in addition to establishing 19 new ventures, the Azerbaijan Investment Company has implemented 23 projects across various fields, including food production, construction, pharmaceuticals, packaging, mining, and green energy. With a total value of 1.7 billion manats, these projects significantly contribute to expanding local manufacturing, fostering import-substituting industries, and increasing employment opportunities,” reads the post.

The sustainable development of the #nonoil sector, attraction of foreign #investment-s, and the creation of new enterprises through modern standards and advanced practices are among our top priorities. Over the past 5 years, in addition to establishing 19 new ventures, the… pic.twitter.com/fcbo83ei2P

— Mikayil Jabbarov (@MikayilJabbarov) January 31, 2025