“In 2027–2030, a total of 108.6 billion manats are projected to be invested in fixed capital in the Azerbaijani economy”.
elchi reports that this was stated by Tahir Rzayev, chairman of the Agrarian Policy Committee of the Parliament, during his speech at the conference titled “Tasks and Challenges in the Field of Regional Development and Local Self-Government Arising from the Speech of the President of the Republic of Azerbaijan Ilham Aliyev at the VIII Congress of the New Azerbaijan Party” held at the Milli Majlis.
He stated that 76.6 billion manats of the planned investment fall to the share of the non-oil sector, which makes the acceleration of the agrarian sector’s development a necessity:
“The development of regions is impossible without investment. Azerbaijan is restoring the liberated territories at its own expense. The 28 billion manats spent on the restoration of these territories are at Azerbaijan’s own expense. New investments are very important to further revive these territories.”