Head of the state: "Investment in today's Azerbaijan will come, first of all, in the non-oil sector"

Head of the state: "Investment in today's Azerbaijan will come, first of all, in the non-oil sector"
  • Clock-gray 16:50
  • calendar-gray 18 January 2021

"I have been to Sumgayit perhaps 30 times in the last 17 years. Every time I am here, the focus is on the launch of industrial enterprises, as well as the work done on urban development, the solution of issues of concern for people. Today, Sumgayit is a beautiful city, both architecturally and ecologically – the air is clean, there is a beautiful boulevard, jobs are being created. More than 350 jobs have been created in these three enterprises alone, and most of the employees will be locals," Azerbaijani President Ilham Aliyev said in an interview to Azerbaijan Television following the groundbreaking ceremony for the Azersulfat LLC sulfuric acid production plant and Glassica CJSC glass container production plant and inaugurated the Azerfloat CJSC thermoforming sheet glass plant at the Sumgayit Chemical Industry Park, APA reports.

"By creating these enterprises, we are resolving both today's and future issues. Why not create all the production areas we need in Azerbaijan? Both foreign and local investors should simply have confidence in the future of our country, which has always been the case and still is. There should be a nice investment climate. According to the World Bank's Doing Business report, we are among top 10 most reformist countries and are ranked 28th in the world. There must be stability, there must be unity of the people and the government, there must be peace, there must be security, and we have achieved this. The war is over and the Nagorno-Karabakh conflict has been consigned to history. Therefore, I am confident that the investment in today's Azerbaijan will come, first of all, in the non-oil sector. Because if we managed to attract these investments in previous years when the conflict was still unresolved, it will be easier to do that today," the head of the state noted.

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