OPIC Eager to Expand Investments in Azerbaijan

September 17, 2015
Washington, D.C.

On September 17, 2015, the U.S.-Azerbaijan Chamber of Commerce (USACC), based in Washington, D.C., hosted a live videostream session with America’s Overseas Private Investment Corporation (OPIC). The session was held as part of USACC efforts to inform its members in Azerbaijan on investment opportunities from the United States.

The session was moderated by USACC Executive Director Susan Sadigova and hosted OPIC Project Finance Director James E. Gale and international trade specialist Elshan Baloghlanov with the participation of online viewers representing Azerbaijani banks, insurance, real estate and microfinance institutions.

Over the past two decades, OPIC has invested around $230 million in Azerbaijan in 24 various projects. While Azerbaijan’s financial services has been the major sector for investments, OPIC is very interested in tapping into other industries as well, such as high technologies, start-ups, agriculture, renewable energy, real estate and tourism.

OPIC is not only mandated to lend capital, but also provide skills, knowledge and technology transfers.

USACC also highlighted the government incentives, such as co-investment opportunities with private and public funds and tax breaks allocated for industrial parks such as High Tech Park Azerbaijan and Sumgait Chemical Industrial Park and the role that USACC and OPIC can play in attracting American private capital into Azerbaijani economy.

Contact USACC to get access to recorded session.

Source: USACC