Azernews.Az

Around 8.384 billion manats (about $10.68 billion) was invested in the development of the economic and social sectors in Azerbaijan in January-August 2012, or 28.4 per cent more than in the same period of last year, the State Statistics Committee said.

Around 27.1 per cent of the total investments -- nearly 2.275 billion manats -- was directed to the development of the oil sector, while 72.9 per cent (6.109 billion manats) -- to the non-oil sector of the economy. Investments in the oil sector increased 23.6 per cent and those in the non-oil sector -- by 30.3 per cent.

Investments in construction operations increased 28.3 per cent to 5.02 billion manats, or 59.9 per cent of the total investment volume. Investments worth 3.783 billion manats were made in the construction of production facilities.

78.9 per cent of the total volume was made up by domestic investment. Most of the amount -- 74 per cent -- is made up by state-owned enterprises and organizations.