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Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

SMBDA was represented at the business webinar Azerbaijan-Gulf Cooperation Council 16.03.21

The Small and Medium Business Development Agency (SMBDA) was represented at the 2nd Azerbaijan-Gulf Cooperation Council business webinar arranged by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) under the Ministry of Economy on March 15.

Speaking at the event, the Chairman of the SMBDA Board Orkhan Mammadov underlined the need for growing activity of entrepreneurs, particularly SMBs, for the development of business partnerships between Azerbaijan and the Gulf countries. Orkhan Mammadov spoke about the Agency's ties with the relevant agencies of the Gulf countries, the signed documents for cooperation and joint events, and invited businessmen from the Gulf countries to an active business in Azerbaijan, stating that the SMBDA could provide businessmen with support in this area.

Speaking at the online meeting, the Chairman of Bahrain Chamber of Commerce and Industry Sameer Abdullah Nass said that his country was interested in the development of relations with Azerbaijan and shared his views on the new economic cooperation areas.

Azerbaijani Ambassador to Saudi Arabia Shahin Abdullayev spoke about the development of relations between the two countries and noted that such events had a positive impact on stimulating business initiatives, expanding cooperation between business circles, and building new ties.

Acting head of AZPROMO Yusif Abdullayev provided information on the organization he represents, stressing the potential for the intensive development of various sectors of the economy and that political relations between Azerbaijan and Gulf countries based on the principles of friendship created a basis for the development of the economic and trade cooperation, as well as reported the work done to strengthen the cooperation.

Along with officials, about 70 representatives of companies from both sides, engaged in construction, industry, health, pharmacology, tourism, logistics, textile, and other fields attended the online meeting, and presentations were made on the business and investment environment in Azerbaijan and the Gulf Cooperation Council member countries.