USAID AND AIC TO ORGANIZE SHAKI INVESTMENT CONFERENCE

Baku, February 22 (AzerTAc). Azerbaijan Investment Company (AIC) and US Agency for International Development (USAID) will co-host an investment conference in Shaki on March 3.

At the conference, AIC and USAID implementing partner Chemonics International will
address AIC activities and projects, cooperative opportunities, and the recently
launched USAID Private Sector Competitiveness Enhancement Program (PSCEP).
The USAID PSCEP, with support from the Government of Azerbaijan, will improve
private sector competitiveness in six key sectors and eight subsectors of the
economy. Potential sectors under consideration include: Fruit and Vegetables, Animal
Products, Information Communication Technology, Light Manufacturing, and Packaging
AIC is a state-owned joint stock company established in March 2006 by Azerbaijan
President Aliyev, with an initial capitalization of 90 million Azerbaijani mantas.
The main purpose of AIC is to promote local and foreign direct investment and
portfolio co-financing, within the non-oil economic sectors of Azerbaijan.