Minister of Economy Mikayil Jabbarov spoke at the panel session "Roundtable on Sustainable Investments" in the online format within the framework of the 7th World Investment Forum.

Making a speech about the priorities of the country's investment policy, Mr. Jabbarov expressed confidence that the Forum will contribute to the actions made to improve the investment climate, and underlined that the restoration of our territories liberated as a result of the great Victory in the Patriotic War created new challenges and realities for development and intensified the investment attractiveness of the country's economy. The event provided information on the impact of the COVID-19 pandemic on the national economy, the relevant support measures from the Azerbaijani government, and the priorities of Azerbaijan's socio-economic development until 2030. According to the Minister, Azerbaijan is experiencing a steady improvement in the business and investment climate, in legislation, business registration, tax and customs systems, a simplification of administrative procedures, and an expansion of corporate governance, public-private partnerships and e-government. It was noted at the Forum that attracting local and foreign investment and ensuring sustainable development of the non-oil sector are of particular importance in supporting the comprehensive recovery of the country's economy in the post-pandemic period. In this regard, the industrial zones and Alat Free Economic Zone are favorable mechanisms for the revival of investment activity.

The Minister of Economy emphasized that the Azerbaijan Affiliate of the Center for the Fourth Industrial Revolution Network of the World Economic Forum, which began work on April 1, 2021, is an important platform for the development of a "green economy" and attraction of investment, giving impetus to the development of the digital ecosystem in our country, the rapid implementation and application of technologies of the Fourth Industrial Revolution.

The Forum heard speeches by the Ministers of Economy, Industry, Trade and Investment of Turkey, Russia, China, Germany, Great Britain, Korea, Mexico, Thailand, Egypt and other countries on the priorities in the formation of national and international investment policy in the coming years and the acceleration of investment in key sectors for sustainable recovery.

Note: The World Investment Forum serves as a global platform that supports investment policy development and provides an opportunity to interact with world leaders in business and politics. More than 5,000 investors from 160 countries participate in the World Investment Forum, which is held every two years.