BAKU, Azerbaijan, March 31. Azerbaijan has
discussed economic cooperation with a Turkish company, Minister of
Economy of Azerbaijan Mikayil Jabbarov wrote on his X page,
Trend reports.
“During the meeting with representatives of Türkiye’s Fiba
Holding, we discussed the development of our business partnership
and potential avenues for cooperation.
We assessed opportunities for joint activities in renewable
energy and infrastructure projects, as well as in the fields of
energy supply, tourism, and construction,” he noted.
The Central Bank of Azerbaijan reports that in 2025, Türkiye’s
direct investment in Azerbaijan totaled $1.2 billion, an increase
of $12.8 million, or 1%, compared to 2024.
During the reporting year, the share of investments from Türkiye
in the total volume of foreign direct investment in Azerbaijan
amounted to 18.7%. Thus, Türkiye ranked second among the countries
making the largest investments in Azerbaijan, following the UK and
Northern Ireland.
Azerbaijan, in turn, invested $345 million in Türkiye’s economy
in 2025, which is $96.032 million, or 38.6%, more than in the
previous year.
Azerbaijan’s share of total foreign direct investment in Türkiye
amounted to 13.6%. Thus, Türkiye ranked second among the countries
to which Azerbaijan directed the largest foreign investments, next
to Israel.
In 2024, the volume of Türkiye’s direct investments in
Azerbaijan amounted to $1.2 billion, while investments in the
opposite direction totaled $248.9 million.
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