In 2023, the value of construction materials produced in Azerbaijan exceeded $647 million, marking a 31.8% increase from the previous year. This growth continued into January 2024, with an impressive 34.5% rise compared to the same month last year.

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On 04/02/2025
Comments Off on In 2023, the value of construction materials produced in Azerbaijan exceeded $647 million, marking a 31.8% increase from the previous year. This growth continued into January 2024, with an impressive 34.5% rise compared to the same month last year.
Newer By the beginning of 2024, investments in fixed capital had already surpassed $1.55 billion, a 15.5% increase compared to the same period in 2023. Notably, 72.8% of these investments were directed towards construction and installation projects.
Older Investments in renewable energy projects in Azerbaijan aim to increase the share of alternative energy production to 30% by 2030. Through such green initiatives, the goal is to reduce greenhouse gas emissions by 35% by 2030 compared to 1990 levels.