Over the past 10 years Italian companies have implemented projects worth more than EUR 5 bn in the oil industry of Azerbaijan, said Italian President Sergio Mattarella at the Azerbaijani-Italian business forum.
The Italian leader stressed that Italy is interested in cooperation in the non-oil sector and is ready to assist Azerbaijan in diversifying its economy.
He added that Italian companies can contribute to the development of such industries as environmental protection, development of agriculture, processing industry, transport, logistics, and construction.
“We’re ready to support the proposals in these directions, based on the experience of Italy,” he stressed.
Sergio Mattarella stressed that Azerbaijan has a favorable and strategic geographical position for the development of transport and logistics.
“Azerbaijan should take an advantage of this opportunity for a long time. Yesterday we signed the Memorandum of Understanding on cooperation between two countries’ railway companies, which says about development of routes, construction of wagons and other directions. There is also an opportunity for cooperation in the field of transport infrastructure,” said Sergio Mattarella.
