00:00These initiatives create stimulation, green solutions, regional development and private sector participation in the public sector.
00:12This will allow the government to share the risk with private partners to do strategic projects faster.
00:30Over the past two years, the Minister of Economy has made significant progress to strengthening and expanding public-private partnership framework.
00:47Currently, we are working with institutional capacity building our line ministries and developing our PPP legal framework
00:57and also bringing global expertise.
01:00The first, 2026 public-private partnership project portfolio includes six strategically important and socially impactful projects offering multiple entry points for local and international investors.
01:16Priority is given to non-oil industry, export-oriented production, infrastructure and digital transformation.
01:24We already signed commercial closure with Aquapower Company.
01:28The project aim is to address water security, infrastructure and environmental challenges.
01:36In the last five years, more than 29 billion FDI invested into Azerbaijan.
01:42The biggest contributors of FDI, Turkey, Switzerland, US and other countries.
01:54We have investment law that clearly protects investor rights.
01:58Azerbaijan economic diversification creating strong opportunities for investors in non-oil economy.
02:09Under Azerbaijan 2013 and 2022-2026 development strategy program, the government prioritized competitive business environment, modern infrastructure and human capital development.
02:27During the implementation period of this program, the oil industry decreased gradually.
02:36Looking ahead, Azerbaijan is preparing a 2027-2013 development program, which clearly targets the investment, export, jobs across the key sectors.
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