Azerbaijan-Kyrgyzstan Development Fund Approves 11 Investment Projects Worth $24 Million

The Azerbaijan-Kyrgyzstan Development Fund has approved 11 investment projects totaling over $24 million. This was announced by Speaker of the Jogorku Kenesh Marlen Mamataliiev at a meeting with Chairwoman of Azerbaijan's Milli Majlis Sagiba Gafarova, who arrived in Kyrgyzstan on an official visit.

The parties discussed the development of trade and economic relations, investment cooperation, and strengthening of inter-parliamentary ties. Mamataliiev emphasized the need for prioritized financing of major strategic projects in the energy sector and outlined Kyrgyzstan's interest in attracting Azerbaijani investors in energy, logistics, agriculture, and tourism.

The speaker also noted that relations between the two countries reached an allied level following the signing of a corresponding treaty during the state visit of Azerbaijan's President Ilham Aliyev in July 2022.

Gafarova reported that 123 cooperation documents have been signed between Kyrgyzstan and Azerbaijan, a significant portion of which were concluded in recent years.