The infrastructure sector led the construction market in 2023 due to state investments in road construction and transportation projects. Additionally, residential areas have significantly increased, with the per capita living space growing from 17.6 m² to 20 m² over the past 10 years. Furthermore, this figure is planned to rise to 25 m² per person by 2040.

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On 27/01/2025
Comments Off on The infrastructure sector led the construction market in 2023 due to state investments in road construction and transportation projects. Additionally, residential areas have significantly increased, with the per capita living space growing from 17.6 m² to 20 m² over the past 10 years. Furthermore, this figure is planned to rise to 25 m² per person by 2040.
Newer In recent years, there has been a significant increase in the production of construction materials in Azerbaijan. Cement production rose by 14.7%, concrete products by 7.4 times, and lime production by 2.1 times. The highest growth was recorded in reinforcement bar production, which saw an annual increase of 85.1% in 2024.
Older 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.