“Global Project Development” Investment Company offered partnership to Azerbaijan Entrepreneurs Confederation

On June 19, the meeting was held at the Azerbaijan Entrepreneurs Confederation (ASK) with Mr. Bader Al Busaies and Mr. Abdulmohsin Al Shoaibi, directors and co-founders of the Saudi Arabian based company “Global Projects Development”.

Mr. Vugar Zeynalov, the Vice President of the Azerbaijan Entrepreneurs Confederation welcomed guests and gave broad information about the Confederation. V.Zeynalov emphasized that ASK has a wide range of representation and it is a big network which connects entrepreneurs in Azerbaijan.

V.Zeynalov said that currently, the ASK has 32 regional and 18 foreign representatives.

Mr. Bader Al Busaies stated that the holding that he represents is interested in investing in Azerbaijan, noting that there are potential opportunities for this.

“We have a big investor block and would like to get acquainted about the country’s investment climate” said the guest, adding that they are ready to support the promotion of Azerbaijani companies in Saudi Arabia.

Mr. Bader Al Busaies added that they are planning to invest in the energy, real estate and agriculture sectors. According to him, they are open to invest in companies working in the relevant sectors and ready to cooperate directly and in combination with several joint ventures.

Mr. Abdulmohsin Al Shoaibi also underlined that there was a need for assistance of the ASK in order to find companies to invest. Representatives of the ASK welcomed this proposal and offered to formalize joint cooperation activities.