Anar Novruzov: Attracting foreign investment - one of key priorities of AIH

Transforming state-owned enterprises and attracting foreign investment remain the primary goals of the Azerbaijan Investment Holding (AIH), Anar Novruzov, head of the AIH Production and Natural Resources Department, said at the 1st Azerbaijan International Investment Forum (AIIF 2025), Report informs.

He noted that the holding manages the country's largest state-owned companies, forms supervisory boards and committees, approves budgets, sets key performance indicators, and monitors their implementation.

"All information is integrated into the Common Information System platform, allowing management to track results on a weekly, monthly, and annual basis. Companies undergo international audits, and decisions are made based on accurate data," Novruzov noted.

He emphasized that the AIH has undergone a comprehensive OECD assessment, which resulted in the development of an action plan to improve the transparency and accountability of government agencies.

"Attracting investment is a key focus for the holding. A $1 billion platform has been created with partners from the Middle East, and a $300 million fund has been established with Kazakhstan's Samruk-Kazyna. Furthermore, negotiations are underway with Chinese corporations SASAC, FiberHome, and Xinhua Group regarding joint projects. Our goal is to increase the value of state-owned enterprises, strengthen data management, and attract new foreign investment to Azerbaijan through strategic partnerships," he added.