00:00Azerbaijan has announced planned investment projects worth billions of dollars.
00:04This follows a series of 23 agreements with international investors at the Azerbaijan
00:09International Investment Forum in Baku.
00:11The agreements cover some of the fastest growing areas of the economy.
00:14The confirmed amount that we can say today is $10.8 billion of 26 contracts that have
00:23been executed in various fields ranging from AI to energy, from manufacturing to production,
00:31and in that sense that's a figure which we operate as of today.
00:35Azerbaijan's economy minister says the non-oil and gas economy already accounted for 71% of GDP
00:41in 2025, with the government targeting 82% by 2030.
00:46The scale becomes even bigger when combined with projects announced during Baku Energy Week in June.
00:52Together, planned joint projects announced this year are valued at $16.7 billion.
00:57However, Azerbaijan's President Ilham Aliyev said investments into oil and gas were still the biggest.
01:03The contracts which actually led to development in the oil and gas sector,
01:10signed 30 years ago, still are absolutely untouched. Not a single word was changed.
01:17And that was one of the factors to attract investors.
01:20So already we have a very credible portfolio of being a very responsible partner.
01:26Baku is trying to turn investment into a broader economic transformation
01:30and strengthen its position as a business and connectivity hub between Asia and Europe.
01:35Nadira Tudor, Euronews, Baku.
01:37year. Here you have
01:37a couple of questions. Byeego我不知道.
01:38Yes. We pick
01:39governance and suppose
