Azerbaijan’s revenues from ICT sector may reach $9 billion by 2020

Azerbaijan Materials 4 December 2012 17:56 (UTC +04:00)

Azerbaijan, Baku, Dec.3 / Trend E.Ismayilov /

By 2020, revenues from information and communication technologies sector may reach $8-$9 billion compared to $1.7 billion in 2011, Azerbaijani Communications and IT Minister Ali Abbasov said addressing International Conference "Azerbaijan 2020: Look into the Future" on Monday.

Abbasov said that annual growth rate of the sector should hit 20 percent in order to achieve the set goal.

"The results of 10 months of 2012 allow to say that 20-percent growth rate of the ICT sector will be achieved this year. During the 2009-2011 global crisis, annual growth rate of the sector was 14-15 percent," he said.

Abbasov spoke about major projects implemented in Azerbaijan, including the project of construction of the Trans-Eurasian Information Super Highway (TASIM), projects of Azerbaijani satellite program, development of broadband Internet services, and building of the "e-government".

Volume of investments in the ICT sector in Azerbaijan will be $1.3 billion in the near future, Abbasov said.