On September 22–23, the First Azerbaijan International Investment Forum was held in Baku under the patronage of President of the Republic of Azerbaijan, Mr. Ilham Aliyev, on the theme "Advancing East-West, North-South connectivity in a fragmented global economy".
The forum was organized by the Ministry of Economy and the Export and Investment Promotion Agency – AZPROMO, in strategic partnership with the think tank “The European House – Ambrosetti”, and with the media and organizational support from Euronews and the Sea Breeze tourism zone.
The event has brought together nearly 1,000 participants from various countries, including high-level officials, business leaders, global investors, representatives of leading local and international companies, financial institutions, think tanks, and local and foreign media.
As part of the forum, agreements were signed for investment projects totaling more than 10 billion USD. Notably, over $7 billion of this amount are allocated for the non-oil sector projects in Azerbaijan, to be implemented with foreign investment.
· Memorandums of Understanding were also signed between the Sea Breeze Resort tourism zone and international brands such as Crowne Plaza Hotels & Resorts by IHG, MEAIT and Rixos, Radisson Blu, Digital Residence, Sana Hospital Group, and Don Agro Intl, aiming to attract $500 million in foreign investment to Azerbaijan.
These agreements and partnerships signed during the forum highlight Azerbaijan’s open and stable economic environment for foreign investment and reaffirm the country’s position as a reliable partner for strategic projects and long-term cooperation. The large-scale investments not only demonstrate Azerbaijan’s attractiveness as an investment destination but also help accelerate innovation and technology transfer, opening new opportunities for achieving sustainable development goals.
· A Share Purchase Agreement was signed between SOCAR, Italiana Petroli S.p.A., and MIP S.p.A. This deal will significantly strengthen Azerbaijan’s role in global energy security, improve direct access to the European market, expand the value chain, and boost logistics advantages.
This collaboration reflects the growing global influence of Azerbaijan as an international investor and stands as a clear testament to the trust in SOCAR’s expertise and deep industry knowledge.
