Construction Sector Provides 90% of Investments in Azerbaijan’s Nakhchivan Autonomy

Business Materials 2 December 2008 19:39 (UTC +04:00)

Azerbaijan, Baku, 2 December / Trend corr. S.Babayeva/ During January-October 2008, investment in the Nakhchivan Autonomous Republic (NAR) of Azerbaijan comprised about AZN 246mln, an increase of 42.8% over the same period of last year, NAR Permanent Mission in Baku said on 1 December.

In ten months of 2008, NAR construction enterprises carried out work worth AZN 221.2mln, which is up 56.1% over the same period of last year. Construction sector accounts for 90% of all investment in the NAR.

Of these investments, AZN 147mln were used for work in new buildings, AZN 37mln for major repairs, AZN 9.7mln for maintenance, AZN 7.8mln for other construction work.

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