UK invests over $21B || in Azerbaijan

ukThe volume of investments from the UK in Azerbaijan’s economy has exceeded $21 billion, Deputy Minister of Economy and Industry of Azerbaijan Sahil Babayev said.

He made the statement during Azerbaijani-British Business Forum taking place in Baku Oct.29.

“The UK ranks first among the foreign investors on the volume of investments in Azerbaijan’s economy,” Babayev said. “Along with this, the UK ranks second on the volume of investment in Azerbaijan’s non-oil sector. Their volume exceeds $1.3 billion.”

Sahil Babayev also invited British investors to cooperate in the oil engineering sphere.

“Today, we want the Azerbaijani and UK companies to discuss more concrete projects during the business meetings, so that following today’s meetings, to lay the foundation of new projects and cooperation in this sphere”