Azerbaijan has implemented many important investment projects with the member countries of the Organization of Turkic States (OTS), investing more than 20 billion US dollars in the economies of the brotherly countries. According to AZERTAC, President Ilham Aliyev said this in his speech at the 12th Summit of the Council of Heads of State of the Organization of Turkic States.

Noting that the main part of these investments falls on the economy of Türkiye, the President stated: “Along with this, Azerbaijan has established joint investment funds with Uzbekistan, Kazakhstan, and Kyrgyzstan, through which many projects will be implemented.”

According to the head of state, transport and communication links have strategic importance within the framework of the Organization of Turkic States, and Azerbaijan is an active participant in the East-West and North-South transport corridors.

As Ilham Aliyev noted, Azerbaijan also attracts significant investments in renewable energy sources such as solar, wind, and hydropower. By 2030, about 40 percent of the energy we produce will be generated from renewable sources.

“At present, we are working on the creation of a green energy corridor Central Asia–Azerbaijan–Türkiye–Europe,” the head of state added.