Baku's week of F1 racing, global security, and record investments
Baku has completed a week of octane-fuelled racing, high-level security facilitation and secured record investments in one of its most dynamic events-filled weeks of the year.
The Azerbaijan International Investment Forum (AIIF) concluded its week-long event in Baku with a focus on international finance and investment. Over 100 countries attended the Baku Security Forum, discussing new-age threats. The city, transformed into the biggest motorsport event of the year due to the Azerbaijan Grand Prix, attracted a record number of visitors.
Prof. Keyu Jin from Hong Kong University of Science & Technology praised Baku's organization, emphasizing how the events brought together a global crowd and positioned the country on the world map.
Azerbaijan's Minister of Economy, Mikayil Jabbarov, highlighted the importance of reliability of partners and resilience of supply chains in economic decision-making. Long-term partnerships were said to be growing and generating new investment, particularly in both traditional and renewable energy production. Azerbaijan is not only attracting investments but also serving as a gateway to a larger market.
The country is investing in renewable energy, digital economy, and manufacturing through various agreements with foreign companies.
The AIIF's first event in September 2025 saw over $10 billion in investment agreements, with $7 billion going to the non-oil sector. Azerbaijan's Minister of Economy partnered with Vietnam's ROX Group for construction and development and Microsoft for advancing the national digital economy. In renewable energy, the Ministry of Energy collaborated with ROX Group's subsidiaries to evaluate utility-scale solar and wind projects.
The Ministry of Economy signed agreements with Slovak, Turkish, and Czech companies for drug manufacturing, veterinary vaccine production, and poultry projects. Additionally, the Azerbaijan Investment Holding and Oman Investment Authority signed a term sheet for the Azerbaijan-Oman Direct Investment Fund, and SOCAR, alongside UAE-based Esyasoft Technologies, established an agreement to assess local water meter manufacturing.
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