Azerbaijan raises bar for foreign investment and non-oil growth

22 September 2025 13:24 (UTC+04:00)

Akbar Novruz

In the first half of 2025, Azerbaijan’s non-oil sector exports rose to $1.8 billion, with strong growth across food products, chemical industry goods, fruits and vegetables, and cotton yarn, reflecting the country’s successful diversification strategy. In 2024 alone, enterprises operating in these zones achieved sales worth 3.3 billion manats, of which over 1 billion manats came from exports. At the macroeconomic level, Azerbaijan recorded real GDP growth of 4.1% in 2024, driven by services, transportation, construction, and communications, underlining the resilience of its economy and the confidence it continues to inspire among investors. Renewable energy is also becoming more than just rhetoric: solar and wind projects, as well as “green energy zones” in Garabagh and East Zangazur...

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