BAKU, Azerbaijan, January 11. The Azerbaijan Investment Company (AIC), in collaboration with foreign and local partners, is analyzing 24 projects covering various industries with a total investment value of $2.7 billion, Trend reports.
The ministry's data showed that these projects span diverse sectors, including green and alternative energy, pharmaceuticals, food, chemical industries, and others.
In 2023, AIC reviewed and analyzed 109 investment projects, and the company's board of directors approved the company's participation in eight projects with a total value of 560 million manat ($329 million).
AIC's share in these projects amounts to 42 million manat ($25 million). The implementation of these projects is expected to create new production areas and provide permanent employment for up to 600 people.
AIC was established in March 2006. All shares of AIC belong to the Government of Azerbaijan, and the company's authorized capital is 224 million manat ($131 million).
The main economic goal of AIC is to make capital investments in Azerbaijan's non-oil sector.
