Azerbaijan Invites Lao Companies to Invest in Industrial Parks and the Alat Free Economic Zone

Azerbaijan expects active participation by Lao companies in new investment opportunities opening up in the country. Deputy Minister of Economy Anar Akhundov said this at the Azerbaijan-Laos business forum held in Baku.

According to Akhundov, Azerbaijan has successfully delivered large-scale investment projects in a wide range of economic sectors together with international partners, and the results achieved create an incentive to launch new projects.

Azerbaijan has successfully delivered large-scale investment projects in a wide range of economic sectors together with international partners, and the results achieved create an incentive to launch new projects. We welcome the involvement of Lao companies in these promising areas.

The deputy minister noted that a stable political situation and macroeconomic stability in Azerbaijan give investors a guarantee of confidence in the long-term outlook. International rating agencies Fitch and Moody's have upgraded the country's sovereign credit rating to investment level.

Akhundov also said that Azerbaijan has confirmed itself as a reliable partner that consistently fulfils its commitments and invests in the development of human capital. He named digital transformation of the economy and the adoption of artificial intelligence technologies as priority areas.

Our country has always confirmed itself as a reliable partner that fulfils its commitments. Azerbaijan invests in the development of human capital. At the same time, digital transformation of the economy and the adoption of artificial intelligence technologies are priority areas. These advantages, together with Azerbaijan's economic potential and a clear strategic vision, explain the growing trust of the international investment community in our state.

Lao companies in particular were invited to invest in industrial parks and the Alat Free Economic Zone.

Source: report.az

Prepared by:Yulduz Salimov