F1 Grand Prix to attract long-term investments in Azerbaijan - minister

  31 March 2016    Read: 1140
F1 Grand Prix to attract long-term investments in Azerbaijan - minister
Azerbaijan is considered a sporting nation throughout the world. Organizing the Formula One Grand Prix in Azerbaijan after the first European Games in 2015 is the result of political and economic stability, the international reputation of Azerbaijan, and the country`s experience in holding major events and competitions.
Azerbaijani Minister of Economy Shahin Mustafayev told the aforesaid in an interview to The Business year magazine, APA-Economics reported.

“This event will have a significant impact on sport development, it will contribute to the economy, and the increase in the number of visitors will stimulate the tourism and service sectors. In addition, the positive image of the country will be highlighted and long-term investments will increase. The athletes and guests taking part in the competition will have an opportunity to get acquainted with the country and observe the successful development model of Azerbaijan”, said the minister.

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