17:16 - 19.06.2026
June 19, Fineko/abc.az. A key factor in Azerbaijan's investment attractiveness, along with political and macroeconomic stability, as well as its strategic geographical location in the region, is country's stable and reliable financial system.
ABC.AZ reports that Azerbaijan's Economy Minister Mikayil Jabbarov stated this at the final press conference of the 51st annual meeting of the Islamic Development Bank (IDB) Group in Baku.
The minister recalled that the session "Investment Prospects of Azerbaijan" was organized within the annual meetings, where country's economic and investment opportunities were presented.
"These opportunities are fixed in our documents concerning national economic priorities. As you know, our main focus is on stimulating economic growth and the development of Azerbaijan's non-oil and gas sector, which has become a real engine of growth over the past five to six years.
Among the specific areas, opportunities and priorities are non-oil production, mining and extraction of critical raw materials, the agricultural sector, as well as the processing of agricultural products. Of course, this is transport and logistics, taking into account both the natural geographical location of Azerbaijan and our consistent policy of further investments in the development of transport infrastructure," Jabbarov stressed.
The minister also drew attention to the tourism sector, noting that the very holding of this event clearly demonstrated and revealed the tourism potential of the country.
"The sphere of renewable energy sources and financial services, as well as the digital transformation of the economy, continue to be peculiar cross-cutting (horizontal) directions. In my opinion, the main investment attractiveness of Azerbaijan, in addition to its political and macroeconomic stability, as well as its strategic geographical location in the region, lies in a stable and reliable financial system. This is reflected in the extremely low level of government debt, a very significant and stable volume of gold and foreign exchange reserves, as well as the recognition of the country's investment attractiveness by international rating agencies. All this information was presented to participants, investors and international financial institutions. I believe that the private sector, especially Azerbaijani companies, have done an excellent job presenting these opportunities," Jabbarov added.
