Companies from Singapore can participate in the development of industrial parks in Azerbaijan.
This issue was discussed at a meeting of the Azerbaijani Minister of Economic Development Shahin Mustafayev with Singapore's Minister of State for Trade and Industry Lee Yi Shyan, the Ministry of Economic Development said.
The parties also discussed mutual investments, the exchange of experience in the development of business environments and entrepreneurship, holding business forums with the participation of businessmen of the two countries, exhibitions and presentations.
A Singaporean delegation arrived in Baku to attend the shipyard's opening ceremony, which was held on Friday. Singapore's "Keppel Offshore & Marine" has a 10 percent stake in the plant.
It was stressed that the commissioning of the plant is one of the most significant projects in the non-oil sector of Azerbaijan. This will play an important role in enhancing the economic and industrial potential of the country.