To date, China has invested over $770 million in the Azerbaijani economy, Economy Minister Shahin Mustafayev said at a press conference on the Azerbaijani-Chinese economic relations on Feb.13.
The minister noted that bulk of this investment was made in the oil industry.
"We expect to increase investments in the non-oil sector, and we are working in this direction. It is worth noting the cooperation of the parties on the SOCAR GPC project, a relevant memorandum has been signed. Azerbaijan attaches great importance to this project and is interested in the participation of Chinese companies. Furthermore, a memorandum was signed between AS Group and China CAMC Engineering Co, which will attract additional investment," Mustafayev said.
The minister added that China is also interested in attracting Azerbaijani investments.
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