Egyptian President meets with Azerbaijani businessmen in Baku (PHOTO)

Egyptian President meets with Azerbaijani businessmen in Baku (PHOTO)

President of the Arab Republic of Egypt Abdel Fattah El-Sisi has had a gathering with Azerbaijani businessmen in Baku, experiences.

Minister of Economic system of Azerbaijan Mikayil Jabbarov and President of Egypt Abdel Fattah El-Sisi addressed the assembly.

Minister Mikayil Jabbarov mentioned with confidence that the occasion would contribute to the event of relations between the 2 nations. The minister famous that in opposition to the backdrop of the present financial disaster on the earth, Azerbaijan’s economic system had registered secure improvement in 2022 and that the gross home product had elevated by 4.6 %. It was famous that development within the non-oil and gasoline sector was 9.1 %, non-oil exports had elevated by 12 % and the nation’s complete exports had elevated by greater than 73 % over the mentioned interval.

Emphasizing that the political and financial relations between Azerbaijan and Egypt had been creating on the idea of mutual respect, friendship and helpful cooperation, Mikayil Jabbarov mentioned that the political resolve of the heads of state was enjoying an vital half within the strengthening and enlargement of bilateral relations.

Declaring that the nations had celebrated the thirtieth anniversary of the institution of diplomatic relations final yr, the minister famous that Azerbaijan had opened its first embassy in Africa in Egypt in 1994. The 2 nations additionally cooperate inside worldwide organizations, together with the Group of Islamic Cooperation, the League of Arab States and the Non-Aligned Motion. Noting that the financial relations between Azerbaijan and Egypt had strengthened, Mikayil Jabbarov mentioned that 51 firms with a share of Egyptian capital had been at the moment working in Azerbaijan.

“However, there may be nice potential for increasing cooperation and mutual commerce within the area of funding. We imagine that the actions of the Azerbaijan-Egypt Intergovernmental Joint Fee, the occasions organized with the participation of enterprise folks, the work carried out within the path of the institution of the Azerbaijan-Egypt Enterprise Council will contribute to the conclusion of this potential,” the minister burdened.

Mikayil Jabbarov additionally spoke in regards to the restoration and development work underneath manner within the territories liberated from occupation, the enterprise setting accessible there, the carried out inexperienced vitality tasks and the state’s assist for this course of.

Expressing his satisfaction with the go to to Azerbaijan, President Abdel Fattah El-Sisi emphasised that Azerbaijan had achieved an incredible success underneath the management of President Ilham Aliyev, a devoted pal of Egypt who is continuous the trail of Nationwide Chief Heydar Aliyev, whose a centesimal anniversary of the delivery will likely be celebrated this yr. The President mentioned that cooperation between the 2 nations in worldwide commerce had a really excessive potential.

“We connect nice significance to investing in varied fields and urge Egyptian firms to spend money on varied tasks in Azerbaijan. We should always attempt to notice the alternatives between our nations. On the similar time, we should create alternatives for Azerbaijani firms to spend money on prescribed drugs, vitality, metallurgy and different fields in Egypt,” President Abdel Fattah El-Sisi mentioned.

President of the Arab Republic of Egypt Abdel Fattah El-Sisi added that the present potential and funding alternatives of the 2 nations in varied areas must be explored and unlocked.

The assembly continued with discussions.