In 2023, the total volume of the construction market of Azerbaijan was estimated at a record value of 18.36 billion manats. However, the average annual growth rate predicted between 2025 and 2028 will be more than 4% and it is expected to reach 22.34 billion manats in 2028.

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On 12/01/2025
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Newer In 2023, the share of non-state-owned enterprises in the total volume of construction work carried out in the Republic of Azerbaijan reached 88.8%. Additionally, investments in the construction sector increased by 110% compared to 2022, reaching a record level of 11,220,338,800 AZN.