AZPromo, the Export and Investment Promotion Agency of the Republic of Azerbaijan, was established to enhance the country’s economic diversification by facilitating non-oil exports and attracting foreign investments into its non-oil sector. With its "single window" approach, AZPromo offers streamlined services to investors, simplifying the process of investing in Azerbaijan’s growing economy. The agency was formally chartered by a decree from the President of Azerbaijan on July 23, 2021, solidifying its role as a key player in the country’s economic development.
Originally established in 2003 as a foundation under the Ministry of Economy of Azerbaijan, AZPromo was created to address the need for greater investment in Azerbaijan’s non-oil sectors, including agriculture, manufacturing, and technology. Since its inception, the agency has been focused on increasing the country’s non-oil exports and driving economic growth outside of the energy sector, which has traditionally dominated Azerbaijan’s economy.
Through its comprehensive services, AZPromo supports foreign investors by providing information, facilitating connections, and assisting with navigating regulatory processes. By promoting Azerbaijan’s diverse business opportunities and offering a platform for interaction with key stakeholders, AZPromo plays a pivotal role in positioning the country as an attractive destination for investment. The agency also provides assistance to local companies looking to expand their exports, ensuring that Azerbaijani products reach global markets.
As part of its strategic focus on economic diversification, AZPromo works to improve the investment climate in Azerbaijan, enhance international trade relationships, and promote sustainable development in the non-oil sectors. By fostering a competitive business environment and attracting global investment, AZPromo contributes significantly to the long-term economic prosperity of Azerbaijan.