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Azerbaijan turning into major foreign investor

Azerbaijani businessmen and companies have begun investing abroad, Economic Development Minister Shahin Mustafayev has said.

"Thus, $4 billion has already been invested in [neighboring] Turkey's economy, and in the coming years investments are planned to increase by another $6 billion," Mustafayev said.

According to him, Azerbaijani investments in Georgia have reached $1 billion.

"A graphic example of how important Azerbaijan is for Georgia as an investor is an Azerbaijani company [Socar Georgia, a subsidiary company of Azerbaijan's state energy firm Socar] for being named the biggest investor and taxpayer of the year [in the neighboring country]," the minister said.

Source: Azernews

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