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The Netherlands invests $900 million in Azerbaijan

Staff writer ▼ | May 17, 2016
The total volume of investments made by the Netherlands in Azerbaijan is $900 million, Azerbaijan's Deputy Economy Minister Sahil Babayev.
Sahil Babayev
Europe and Asia   Deputy Economy Minister Sahil Babayev:
He made the remarks during the Azerbaijan-Netherlands business forum in Baku. Babayev noted that over a third of the total volume of investments was made in Azerbaijan's economy over the last three years.

"The Netherlands has invested $340 million in Azerbaijan over the last three years," said the deputy minister. "In general, the Netherlands ranks fourth in terms of the volume of investments made in Azerbaijan."

He added that the Dutch companies actively participate as contractors in public contracts.

"The Dutch companies have signed contacts worth $180 million in Azerbaijan in recent years," said Babayev.