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Mikayil Jabbarov: Reforms have strengthened the investment climate and boosted non-oil exports

Mikayil Jabbarov, Azerbaijan’s Minister of Economy

16 June 2026 15:21 (UTC +04:00)

Consistent reforms implemented in recent years have strengthened investment protection, simplified procedures, expanded access to state support and promoted public-private partnerships, Mikayil Jabbarov, Azerbaijan’s Minister of Economy, said at the “Azerbaijan Investment Outlook Forum” held as part of the Islamic Development Bank (IsDB) Annual Meetings in Baku, APA-Economics reports.

According to him, particular attention has been paid to a strong SME (small and medium-sized enterprise) sector, access to finance, export-oriented development and industrial infrastructure.

“Current measures support non-oil exports by covering logistics and transportation costs, increasing the competitiveness of local products and facilitating access to new export markets. These measures are complemented by more effective credit guarantee and interest subsidy mechanisms, making manufacturing, logistics, agriculture, services, renewable energy and digital technologies more attractive to investors.”

“We believe that investors today need not only opportunities, but also platforms where projects can be implemented quickly and efficiently. In this regard, Azerbaijan seeks to make maximum use of its natural geographical advantages, advanced connectivity capabilities and open trade relations with its neighbors,” the minister noted.

Mikayil Jabbarov Azerbaijan investment protection economic reforms state support public-private partnerships PPP SMEs small and medium-sized enterprises access to finance non-oil exports export development logistics transportation industrial infrastructure credit guarantees interest subsidies renewable energy digital technologies