Investors in Azerbaijan

Turkey is the main investor in Azerbaijan in the non-oil sector. Turkish companies participate in the projects in Azerbaijan with a total cost of $2.7 billion. More than 2, 000 Turkish companies operate in Azerbaijan. This is almost twice more than Azeri companies. Meanwhile, Azerbaijan itself invests in different countries including Georgia. During the last years, Azerbaijan has invested more than $210 million in Georgia. The trade turnover between the two countries is increasing. SOCAR is particularly active in providing Georgia with oil and oil products.