Azerbaijan Invites Private Investment for Reconstruction in Liberated Territories, Boosts Energy and Infrastructure Projects
Azerbaijan is actively inviting private investment for reconstruction in its liberated territories, with significant involvement from Turkish companies on projects totaling around $5 billion. At the Azerbaijan-Türkiye Investment Forum, Prime Minister Ali Asadov highlighted the establishment of favorable conditions for investors, particularly in special economic zones, and emphasized the growing strategic importance of the Middle Corridor for transport and energy cooperation. Major infrastructure projects, including enhancements to the Baku-Tbilisi-Kars railway and deepening energy partnerships, are set to bolster economic ties between Azerbaijan and Türkiye.
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Azerbaijan is promoting private investment to support the First State Program on the Great Return in its liberated territories. At the Azerbaijan-Türkiye Investment Forum, Prime Minister Ali Asadov noted that Turkish companies are significantly involved in reconstruction, with nearly 20 companies working on around 50 projects valued at approximately $5 billion.
Azerbaijan has established favorable conditions for investors in special economic zones, particularly the Alat Free Economic Zone. The Middle Corridor's strategic importance is growing, with freight volumes increasing by 90% over three years.
Key transport projects include raising Baku-Tbilisi-Kars railway capacity to 5 million tons by 2024 and the Kars-Nakhchivan railway groundbreaking. Azerbaijan-Türkiye energy cooperation is deepening with major projects ensuring energy delivery to Europe.
SOCAR has invested $19 billion in Türkiye, marking it as the largest foreign investor. Collaboration in industry, technology, and defense is also expanding.
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