Attracting Private Investments in State-Owned Enterprises: Economic Council of Azerbaijan Discusses Strategy
A joint meeting of the Economic Council of Azerbaijan and the Supervisory Board of the Azerbaijan Investment Holding was held to discuss attracting private investment in local state-owned enterprises. Chaired by Prime Minister Ali Asadov, the meeting focused on the implementation of directives outlined in a presidential decree aimed at boosting private investments in state enterprises.
State enterprises such as Azerkimya Production Association, Urea and Methanol Plants, Azerbaijan Caspian Shipping Company, AzerGold CJSCs, and others were assessed for their readiness to attract private investments. The discussions included commercial and financial analyses, individual roadmaps, legislative framework changes, and enhancing government services to facilitate the investment process.
Minister of Economy Mikayil Jabbarov, Minister of Digital Development and Transport Rashad Nabiyev, and CEO of Azerbaijan Investment Holding Ruslan Alikhanov presented reports, with decisions made based on inputs from the meeting attendees. Investments in Azerbaijan’s fixed capital have been on the rise, reaching 20.29 billion manat ($11.9 billion) in the previous year.
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