Azerbaijan and Turkey have become the largest investors in each other’s economies, reflecting the depth of their strategic and economic partnership, Azerbaijani Prime Minister Ali Asadov said on Monday.
Speaking at the 12th meeting of the Azerbaijan-Turkey Joint Intergovernmental Commission in Baku, Asadov said Azerbaijan has invested more than $20 billion in Turkey’s economy, while Turkish investments in Azerbaijan have exceeded $18 billion.
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“As of today, around 3,000 Azerbaijani companies are actively operating in Turkey, while more than 4,600 commercial enterprises with Turkish capital are functioning in Azerbaijan,” Asadov noted. “We have created all the necessary conditions for Turkish companies to operate comfortably in our country.”
The prime minister also highlighted growing cooperation on Azerbaijan’s liberated territories, where Turkish and Azerbaijani companies are jointly implementing major reconstruction projects.
“About 20 Turkish companies are currently involved in nearly 50 projects in these areas, with a total value of around $5 billion,” he said.
“These projects cover road and railway construction, energy, agriculture, irrigation and water management, design, and other key sectors.”
Asadov described the investment figures as a clear indicator of mutual trust and long-term economic alignment between Baku and Ankara, adding that cooperation is expected to deepen further in the coming years as large-scale infrastructure and development projects move forward.
