12:48 - 23.09.2025

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September 23, Fineko/abc.az. The transformation of state-owned enterprises and the attraction of foreign investments remain the main goals of the Azerbaijan Investment Holding (AIH).

ABC.AZ reports that Anar Novruzov, the Head of the Department of Production & Natural Resources at the AIH, said this at the first Azerbaijan International Investment Forum (AIIF 2025).

According to Novruzov, the holding manages the country's largest state-owned companies, forms supervisory boards and committees, approves budgets, sets key performance indicators and monitors their implementation.

"All information is integrated into the General Information System platform, which allows management to track results on a weekly, monthly and annual basis. Companies undergo an international audit, and decisions are made based on accurate data," Novruzov said.

He stressed that the AIH had passed comprehensive assessment by the OECD, which resulted in an action plan to increase transparency and accountability of government agencies.

"The most important direction of the holding is to attract investments. A $1 bn platform has been created with partners from the Middle East, and a $300 million fund has been established with Kazakhstan's Samruk-Kazyna. In addition, negotiations are underway with Chinese corporations SASAC, FiberHome and Xinhua Group on joint projects.

Our goal is to increase the value of state-owned enterprises, strengthen data management and attract new foreign investments to Azerbaijan through strategic partnership," he added.