Ali Asadov: Azerbaijan Leads in Investment Volume in Georgia - $4 Billion

Azerbaijan ranks first among countries in terms of investment volume in Georgia, having invested approximately $4 billion in the neighboring republic.

As reported by BAKU.WS with reference to Report, this was stated by Prime Minister of Azerbaijan Ali Asadov, speaking in Sighnaghi at the XI session of the intergovernmental commission on economic cooperation.

"Cooperation between Azerbaijan and Georgia in the investment sphere demonstrates good dynamics. Azerbaijan leads in terms of investment volume in Georgia, having invested approximately $4 billion," said the head of government.

He noted that Georgia remains one of the main trading partners of Azerbaijan. Over the nine months of the current year, trade turnover between the two countries grew by 42%, exceeded the figure for the entire previous year, and approached $1 billion.

Asadov called the transport and transit sphere one of the most important areas of cooperation between the two countries.

"Our countries continue joint efforts to develop the Middle Corridor. The launch of the Baku - Tbilisi - Kars railway, which is an important part of the Middle Corridor, at full capacity and the increase of its throughput capacity to 5 million tons serve as a vivid example of our successful cooperation," emphasized the Prime Minister.