During the visit of the state delegation from Saudi Arabia, 10 th December at Baku Business Center will host a business forum with participation of business circles of the two countries.
The Fund for Export Promotion and Investment in Azerbaijan (AZPROMO) told Turan that the forum will be attended by government representatives of the kingdom, as well as owners and managers with more than 50 companies from that country.
According to the State Customs Committee of Azerbaijan, within 10 months of this year, exports of goods from Azerbaijan to Saudi Arabia were at the symbolic level - $ 44.4 thsd with exports doubled. Saudi Arabia exported commodities for $ 27,280,000, an increase of 37 % over the comparable period in 2012.
According to the State Statistics Committee , in 2012 Azerbaijan imported goods from Saudi Arabia totaling $ 23.9 million, including approximately 94% accounted for by chemical products (mainly - polyethylene). -08D-
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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