The volume of industrial production in Azerbaijan amounted to $4,538,520,366 during the period January-February 2020, which is 0.9 percent higher compared to the same period last year, local media reported with reference to the Azerbaijani State Statistics Committee on March 16.
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Baku, the capital of Azerbaijan, remains the driving force of the industrial development of the whole country.
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The value of goods and services produced in Baku reached 19.9 billion manats in January-June 2019, which is 0.7 percent more than in the same period of 2018, Trend reports referring to the report of the Statistics Office in Baku on Aug. 11.
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Due to the fact that usable land in Tajikistan is very limited, industry plays a dominant role in this country.
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Ravshan Usmanov, the Uzbek Ambassador in Kuala Lumpur, has held talks with Teresa Kok, the Minister of Primary Industries of Malaysia.
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A photo exhibition "Industry" opened in Art Tower Gallery on February 13.
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The first industrial clusters in Azerbaijan will appear in Sumgayit and Balakhani settlement.
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The government of Azerbaijan plans to attract alternative sources of financing to the sphere of heavy industry and mechanical engineering.
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Azerbaijan intends to achieve a significant GDP growth through the implementation of measures envisaged in the Strategic Road Map for the development of heavy industry and machinery.
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The Iranian administration has authorized direct foreign investments worth $2 billion for 29 industrial and mining projects following the implementation of nuclear deal in January, Ali Yazdani, Iran’s deputy industry minister, said, IRNA news agency reported on October 31.
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