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Azerbaijan approaches serious economic breakthrough milestone – IsDB Group chairman

GenevaTimes by GenevaTimes
June 18, 2026
in Europe
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Azerbaijan approaches serious economic breakthrough milestone – IsDB Group chairman
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Azerbaijan approaches serious economic breakthrough milestone – IsDB Group chairman

BAKU, Azerbaijan, June 17. Baku and Azerbaijan,
when viewed from various perspectives, stand as a multifaceted
example of development, and the country is approaching a stage of
serious economic breakthrough, Islamic Development Bank (IsDB)
Group Chairman, Mohammed Sulaiman Al Jasser, said, Trend‘s correspondent
reports from the event.

He made the remark during the Fireside Chat with the Chairman of
IsDB Group, organized within the framework of the 51st Annual
Meeting of the IsDB Group.

Al Jasser stressed that positive opinions about Baku and
Azerbaijan in general also bring to mind the “good spirit” of the
city.

He noted that Baku is a strategic center that plays the role of
a bridge between North and South, East and West of Eurasia, and
demonstrates that development is impossible alone, and for this,
relations with neighboring countries are important.




The IsDB chairman recalled the existence of a number of
countries, including landlocked and even doubly landlocked states,
and noted that these countries have found alternative development
paths despite economic challenges.

“During my last visit to Baku, I visited the Alat Free Economic
Zone and saw the construction of the airport there. This
infrastructure serves to expand the country’s export and import
capabilities. Such projects allow partially compensating for the
logistical difficulties of landlocked countries,” he said.

Al Jasser added that Baku and Azerbaijan, when viewed from
various aspects, act as a multifaceted example of development, and
the country is approaching a stage of serious economic
breakthrough. He also emphasized that the modern development in
Baku is easily observed by anyone who visits the city.

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