In recent years, Azerbaijan has made substantial investments in transportation and utility services. In 2024, funding for these projects is expected to rise by 20%, which translates to an additional 1 billion AZN. These investments aim to modernize the country’s infrastructure and support its economic growth.

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On 04/02/2025
Comments Off on In recent years, Azerbaijan has made substantial investments in transportation and utility services. In 2024, funding for these projects is expected to rise by 20%, which translates to an additional 1 billion AZN. These investments aim to modernize the country’s infrastructure and support its economic growth.
Newer Construction companies in Azerbaijan are increasingly adopting sustainable building practices. In 2023, nearly 30% of new projects incorporated “green” technologies and materials. This shift is crucial for environmental protection and the efficient use of energy.
Older In 2022, the construction sector contributed around 6.4% to Azerbaijan’s GDP, which is roughly 5 billion AZN. This marks a consistent increase of 5.5% since 2020, underscoring the sector’s growing significance within the national economy.