During a visit to Qatar, a delegation from the Ministry of Economic Development, for the first time, put forward a proposal to establish a joint investment fund to finance projects in two and third countries.
The Ministry of Economic Development Press Service said that the idea was received with interest.
In particular, Qataris were invited to invest in the private sector and the development of industrial parks in Azerbaijan. They discussed issues of cooperation in infrastructure, tourism, agriculture, education, science and technology.
Mustafayev, the Minister of Economic Development, heads the delegation which includes representatives from the Fund to Promote Exports and Investments in Azerbaijan (AZPROMO), the state-run Azerbaijan Investment Company (AIC), and two newly created industrial parks (Sumgait chemical industrial park and the High-Tech Park).
The delegation was received by the Prime Minister and Foreign Minister of Qatar, Hamid bin Jassim bin Jaber Al Thani and members of the Government.
The Azerbaijani leadership has long courted Qatari sheikhs. Late last year, Hamid Al-Thani, accompanied by a large retinue of his court, shot game in the hunting estate Mahmudchala in the Salyan district of Azerbaijan for rare birds. It seems understanding between the leaderships is improving. In October 2012, at the request of official Baku, Vodafone Qatar canceled the roaming agreement with actions in the occupied territories of Azerbaijan Armenian Karabakh Telekom.
A foundation for close cooperation provides a general value approach within the parties. According to the report from the research firm The Economist Intelligence Unit (analytical division of the British magazine Economist) “Democracy Index of the world in 2012" (Democracy Index 2012), Qatar and Azerbaijan neighbors are on the list of authoritarian regimes. Azerbaijan is just one-step ahead of Qatar on the degree of authoritarianism. The countries are respectively No 139 and No 138 on the list. -0 -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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