President: Chinese companies interested in investing in Azerbaijan

Now Chinese companies are also interested not only in providing services and technology but also in investing in Azerbaijan and this is already in the pipeline, President Ilham Aliyev said in an interview with China's CGTN (China Global Television Network) in Davos, Report informs.

"At COP29, we signed an agreement between Azerbaijan, Kazakhstan, and Uzbekistan to build an energy cable under the Caspian Sea. So, we will connect Central Asia with Azerbaijan and potentially China through an energy cable. Another project will stretch the cable from Azerbaijan to Europe under the Black Sea," the head of state said.

"This is another connectivity. This is a corridor for green energy with huge potential. Because Azerbaijan's wind and sun potential is already fixed, and it is much more than we could have imagined. Therefore, we need markets, technology, and cooperation. Because without cooperation between neighbours, you will not be able to implement these projects. Potential is here, and as you mentioned, Azerbaijan is playing a very active role in green transition."