BAKU, Azerbaijan, May 5. Germany plans to invest in new aluminum plant in Azerbaijan’s Ganja city, Tobias Baumann, Executive Director of German-Azerbaijani Chamber of Commerce (AHK Azerbaijan), told Trend.
According to the executive director, the majority of the investments in this joint venture together with British counterparts, will be provided by German side.
“The overall volume of the investments in the project will amount to 300 million euros. This is more than we have ever invested in Azerbaijan,” he noted.
As Baumann explained, the number of German companies working in Azerbaijan is always changing. Germany is engaged in projects in Azerbaijan in various sectors, such as heavy transport, installation, distribution of machinery, and more.
“We do have companies that are permanently based in Azerbaijan as well. Overall, according to our estimates, there are around 200 German companies active in Azerbaijan every year,” executive director added.
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