Turkey top investor in Azerbaijan’s non-oil sector
BAKU – Turkey ranks first for investments in Azerbaijan’s non-oil sector, Azerbaijani Economic Development Ministry Administration Chief Samir Veliyev said in Baku on Thursday at a conference on the Azerbaijani-Turkish cooperation on the topic of 'Socio-Economic Development in the Globalizing World".
"Today, more than one thousand Turkish companies successfully operate in different sectors of the Azerbaijani economy," Valiyev said.
The potential of Turkish-Azerbaijani relations allows significant increase to the current volume of trade turnover, the head of the Main Department on Foreign Economic Relations of the Turkish State Planning Organization Metin Eker said.
"Trade turnover between the two countries in 2010 reached $2.5 billion, whereas in 2005 this figure was $800 million," Eker said.
He said that the Azerbaijani entrepreneurs’ investments in Turkey amounted to $3 billion, and "the main spheres of the Azerbaijani businessmen in Turkey are the petrochemical complex and tourism".
The total volume of Turkish investments in Azerbaijan's economy hit $6 billion, Eker said.
"We believe that these figures will increase," Eker said.
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