The economic future of Azerbaijan and the energy transition were discussed at the "Technovation by PMI" forum in Baku.
The event, co-organized by AmCham Azerbaijan, was dedicated to "Sustainability and Energy Transformation."
The forum facilitated dialogue on technological transformation and sustainable development.
AmCham President Dayanat Sadullayev emphasized the importance of corporate sustainability amid global changes.
PMI representative Aleksey Kim noted that Azerbaijan has made AI and digital innovation a key part of its agenda.
Advisor to the Minister of Economy Huseyn Huseynov said the country aims to build an innovation-based, diversified economy.
Panel discussions covered non-oil sector development, economic diversification, and corporate transformation.
Deputy Minister of Economy Elnur Soltanov stressed that diversification enhances economic sustainability.
Chairman of Alat Free Economic Zone Valekh Alasgarov highlighted high value-added and export-oriented enterprises as priorities.
Executive Director of 4SIM Fariz Jafarov cited energy resources, fiber-optic connectivity, and political will as advantages.
Acwa Managing Director Uygar Durgunay presented solutions in green energy, green hydrogen, and desalination.
BP Transformation Manager Marianna Karimova showcased smart well projects and real-time drilling systems.
PMI Scientific Director Tomoko Iida said the company aims to derive two-thirds of revenue from reduced-risk products by 2030.
The event concluded with closing remarks by AmCham Executive Director Zaur Karimov.
