Azerbaijan shines as top emerging investment hotspot fDi Intelligence ranking

fDi Intelligence, a leading specialist division of Financial Times Ltd. has ranked Azerbaijan 7th in its list of the top 10 most promising countries for investment.

This ranking is based on a comprehensive assessment of macroeconomic data and foreign investment performance from the 50 most attractive nations, utilizing data from the International Monetary Fund (IMF) and fDi Markets, the Financial Times' foreign investment monitoring service, Caliber.Az reports via local media.

The top three positions are occupied by Cambodia, which leads the list, followed by the Philippines in second place and Kenya in third. These countries, like Azerbaijan, have demonstrated significant investment potential through economic stability, favourable investment climates, and advancements in emerging sectors, particularly alternative energy.

Azerbaijan's placement in the ranking highlights its growing attractiveness as an investment destination. The country's appeal is strengthened by its stable macroeconomic environment and proactive investment policies.

In 2023, Azerbaijan achieved a notable milestone with foreign direct investment (FDI) totalling $2 billion in its non-oil sector, marking the highest figure ever recorded for the country. This reflects Azerbaijan’s successful efforts in diversifying its economy and enhancing its investment environment.

This recognition from fDi Intelligence not only underscores Azerbaijan's current investment climate but also signals a positive outlook for future economic engagements. As the country continues to improve its investment infrastructure and adapt its legislative framework, it is well-positioned to attract further international investment and strengthen its global economic standing.