The Investment Conference and Business Opportunities in Azerbaijan and other CIS countries held in Baku within the framework of the 35th Annual Islamic Development Bank Group (IDB) Governors Meetings on June 21-22 organized by Ministry of Economic Development, AZPROMO, Azerbaijan State Investment Company and Islamic Corporation for the Development of Private Sector (ICD). Alongside with Azerbaijani and CIS countries officials, the event hosted representatives from IDB Group, ICD as well as about 300 local and foreign entrepreneurs from ICT, tourism, agriculture, finance and banking, logistics, health, industry, construction, energy and other sectors.

Minister of Economic Development Shahin Mustafayev speaking at the conference mentioned success of Azerbaijani economy, undertaken reforms as well as investment opportunities available in the country. Underlining Azerbaijan as most advantageous destination for foreign investments, minister pointed to the importance of organization of such discussions and bilateral meetings which facilitate development of the cooperation as well as business relations between Azerbaijan and CIS, as well as other IDB member states.

ICD CEO Khaled Al-Aboodi in his turn spoke on the activities of the organization inviting the businessmen to cooperation.

Within 2-days event representatives from Azerbaijan and other CIS countries had a chance to present the business and investment opportunities in their countries. Together with Azerbaijan's country presentation by AZPROMO presentations were held by Azerbaijan State Investment Company, Caspian International Investment Company, Ministry of Economic Development of Nakhchivan Autonomous Republic as well as local entrepreneurs presented their potential investment projects.
Within the framework of the event the following documents were signed:

• Memorandum of Understanding between National Entrepreneurs Confederation and Ministry of Economic Development. The document was signed by the Minister Shahin Mustafayev and president of Confederation Mammad Musayev
• Shareholders agreement pertaining to the equity investment by Azerbaijan State Investment Company into Azertoxum LLC and AzerAgro LLC
• Terms and Conditions for the Proposed Line of Financing for International Bank of Azerbaijan between Islamic Corporation for the Development of the Private Sector and International Bank of Azerbaijan