Azerbaijan invests AZN 98.4B in non-oil sector in 2004-2017

Azerbaijan invests AZN 98.4B in non-oil sector in 2004-2017
  • Clock-gray 10:18
  • calendar-gray 12 April 2018

In 2004-2017 AZN 162.9 billion was invested in fixed capital, of which 65.9% was spent on construction works, chairman of the State Statistical Committee Tahir Budagov said in an interview with official internet page of the New Azerbaijan Party.

 

According to him, AZN 95.8 billion of these funds were spent to construction of production facilities, AZN 55.9 billion to construction of facilities on service areas, AZN 11.2 billion to construction of residential houses with the total area of 26,100 m². Domestic investments amounted to 63.2% of total investments.

 

‘During these years, AZN 64.5 billion went to oil sector, AZN 98.4 billion to non-oil sector. In 2017, AZN 7.1 billion was invested in non-oil sector, up 5.9-fold from 2003’, Budagov said.   

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