Azerbaijan agrees multi-billion-dollar deals with investment giants

Azerbaijan agreed to a series of multi-billion dollar investment deals at the second Azerbaijan International Investment Forum (AIIF) that concluded in Baku. According to Minister of Economy Mikayil Jabbarov, $10.8 billion worth of contracts were signed in various sectors such as AI, energy, manufacturing, and production. Jabbarov emphasized that Azerbaijan is open to partnerships and looking for opportunities both within and outside its borders, including the United States and Italy.

The focus of the forum was on converting international interest into diverse investments across different industries. In 2025, $10 billion worth of investment agreements were signed, with $7 billion of that amount related to non-oil sectors. Notable investors attending the forum included BlackRock, Global Infrastructure Partners, and Brookfield Asset Management.

President Ilham Aliyev highlighted that the non-oil sector contributes 72% to the country's GDP, and Azerbaijan's investment strategy includes manufacturing, transport, logistics, renewable energy, digital technologies, agriculture, tourism, and infrastructure. The Azerbaijan Infrastructure Investment Dialogue, a closed-door event hosted by SOFAZ and BlackRock, further showcased investment opportunities.

Over $3 billion worth of foreign direct investments were attracted in the first six months of 2026, marking a 13.8% year-on-year increase. Investors from countries such as the United Kingdom, Türkiye, Cyprus, Russia, and Iran are interested in Azerbaijan's capital markets. The success of Azerbaijan's investment profile can be attributed to effective marketing, partnerships between the private sector and government, and increasing global recognition as a key partner.