OPIC seeks to expand activity in Azerbaijan
America’s Overseas Private Investment Corporation is eager to invest more in Azerbaijan.
This was announced at the live videostream session hoisted by the U.S.-Azerbaijan Chamber of Commerce (USACC ) with OPIC on September 17.The session was held as part of USACC efforts to inform its members in Azerbaijan on investment opportunities from the United States.
Over the past two decades, OPIC has invested around $230 million in Azerbaijan in 24 various projects.
While Azerbaijan’s financial services has been the major sector for investments, OPIC is very interested in tapping into other industries as well, such as high technologies, start-ups, agriculture, renewable energy, real estate and tourism.
OPIC is not only mandated to lend capital, but also provide skills, knowledge and technology transfers.
USACC also highlighted the government incentives, such as co-investment opportunities with private and public funds and tax breaks allocated for industrial parks such as High Tech Park Azerbaijan and Sumgait Chemical Industrial Park and the role that USACC and OPIC can play in attracting American private capital into Azerbaijani economy.
---
Follow us on Twitter @AzerNewsAz