President Ilham Aliyev: “One of the goals on our agenda today is to take advantage of the available potential to transform Azerbaijan into a powerful industrialized state
"One of the goals on our agenda today is to take advantage of the available potential to transform Azerbaijan into a powerful industrialized state" said President Ilham Aliyev in his interview to the Business Year magazine SIA reports.
"In the last 10 years, a portion of the revenues obtained from oil and gas production has been specifically and under special programs channeled into the development of the non-oil sector, the establishment of new high-tech industrial facilities and diversification of the national economy. As a result, the non-oil sector has been registering an annual growth rate of 10 percent each year. In addition, the comprehensive support for private enterprise, the implementation of major investment programs, the establishment and reconstruction of the socioeconomic infrastructure, and the construction of competitive enterprises based on cutting-edge technologies have increased the volume of industrial production 2.7 times," President Ilham Aliyev noted.
"Certain work has already been done in the area of industrial diversification and modernization. We are engaging the existing natural and economic resources, creating new industrial estates and technology parks and speeding up the process of innovation. For this reason, 2014 has been declared the Year of Industry.
A general plan of activities to be carried out this year has been prepared and approved. At the same time, there are plans to prepare and adopt the "State program on industrial development covering 2015-2020". We believe that the experience we have accumulated and the overall economic potential of Azerbaijan will allow us the opportunity to meet these objectives".
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