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Global trade fair brand CTW expands to Azerbaijan in 2020

DUBAI/BAKU, Oct. 8 2019 – MIE Groups, the organizer of the successful global trade fair and conference series CTW, has announced here on Wednesday it will expand with a new B2B trade show to the Republic of Azerbaijan. The first CTW Azerbaijan will take place on 22-24 September 2020, at Boulevard Hotel, Baku, Azerbaijan, hosting a multi-industry trade exhibition and parallel conference days.

“We are proud to announce that CTW is setting foot in Baku, Azerbaijan, as the country has gained global recognition as a booming capital among the emerging markets, connecting east and west”, said David Wang, Chairman and Managing Director at MIE Groups.

“With CTW Azerbaijan, MIE Group does its first foray into the ever growing region of Eurasia”, said Zahoor Ahmed, Vice President Strategy and Partnerships, MIE Groups. Ahmed added: “While we are already present in 10+ markets, we permanently re-assess our portfolio to seek expansion opportunities. What convinced us about the Caucasus Republic are the formidable growth projections for the Azerbaijani economy which the IMF said will reach 2.7 percent in 2020 (non-oil GDP growth), along with the 10 million inhabitants’ optimism and to proactively place their country prominently on the New Silk Road.”

During the second Belt and Road Forum for International Cooperation held in Beijing in spring 2019, Azerbaijani signed ten agreements valued at $821 million with Chinese firms.

Primarily an oil economy, the politically stable, safe and prosperous Republic of Azerbaijan has also gained a reputation for its agriculture, its machinery industry and textile industry. Tourism plays an important role for the country’s economy and labour market, too. The country’s Tourism Board has recently stepped up efforts to promote Azerbaijan as a travel destination for Chinese tourists. A cooperation agreement between tourism firms of both sides was signed back in April 2018.

The government follows a diversified foreign trade strategy and has established strong trade relations with the Middle East, Eurasia, Europe and North America.

The country has also made significant progress in developing its financial markets, renewable energy, and its public and private institutions increasingly embrace products and solutions of the fourth industrial revolution (robotics, 3D Printing, drones, autonomous cars, immersive technology).

As a member of the Commonwealth of Independent States (CIS), the Russian language is widely spoken in Azerbaijan which is regarded as a gateway to CIS and its 236 million inhabitants.

In order to learn more about the event or to book your exhibition stand, please visit: https://ctwazerbaijan.com/

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