President Aliyev: UK’s investments in Azerbaijan helped modernize our country

16:57 - 9.02.2021


February 9, Fineko/abc.az. President Ilham Aliyev received the British Minister of State for European Neighbourhood and American Affairs, Wendy Morton.

ABC.AZ reports that during the meeting the president noted that the 7th meeting of the Southern Gas Corridor Advisory Council will be held in two days.

"The meeting will review the progress, and we hope for further cooperation. And of course, investments from UK to Azerbaijan helped us a lot to modernize the country. These investments were mainly in energy sector, almost 30 billion dollars. But it allowed us to use properly the revenues from oil and gas sales to diversify the economy. Therefore I am sure that for the coming years our major area of concentration will be non-energy sector development of Azerbaijan. I looked at some of information before our meeting so that almost 600 British companies registered in Azerbaijan, and this is really a good sign of diversification of our economic partnership,” he said.