BAKU, Azerbaijan, November 15. Azerbaijan plans to increase the volume of non-oil and gas exports by 85 percent in 2026 compared to 2021, Minister of Economy of Azerbaijan Mikayil Jabbarov said at the II Baku Forum on Sustainable Development, dedicated to "Sustainable financing and investment", Trend reports.
The minister noted that the National Priorities of Azerbaijan and the Socio-Economic Development Strategy for 2022-2026 set the goal of further development of the non-oil economy, strengthening its position in the world economy as a result of the development of human capital and entry into the group of high-income countries.
"As a result of the implementation of the strategy, it is planned to annually increase the economy of Azerbaijan by an average of three-four percent, and non-oil and gas GDP by an average of five percent, as well as bringing the share of the private sector in the economy to 88 percent," Jabbarov said.
"In general, the role of effective cooperation and investment with all stakeholders is important for achieving sustainable development. In this regard, I believe that discussions and established cooperation within the framework of the forum with state and non-governmental organizations, investors and international organizations will make a positive contribution to the implementation of the "Transformation of our World: the Agenda for Sustainable Development until 2030" program in Azerbaijan," he said.
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