New mechanisms to be formed to attract foreign direct investments in Azerbaijan

During 2022-2026, new mechanisms will be formed to attract foreign direct investments (FDI) to priority economic areas, and mechanisms of direct dialogue with investors will be implemented.

Report informs, citing the Strategy for the Socio-Economic Development of Azerbaijan for 2022-2026 approved by President Ilham Aliyev today, that the optimal use of the financing potential of international development institutions, especially institutions specializing in the financing of private sector development, will be ensured, and as a result, the volume of FDI in the non-oil/gas sector will increase by 10‒15% per year.