Bank Of Baku

Housing construction accounts for 18% of construction in Azerbaijan

Housing construction accounts for 18% of construction in Azerbaijan
# 25 May 2009 15:26 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based development and construction companies carried out AZN 807.5 million worth of construction activities during January-April, up 3% from the same period last year.

Of this, AZN 574.1 million went to new construction, reconstruction and expansion works, AZN 126.3 million to overhaul, 55.6 million to maintenance work and AZN 51.5 million to other construction activities, said the State Statistical Committee.

According to statistics, AZN 142.6 million or 17.7% of funds were spent on housing construction works. AZN 1 765.4 million or 81.2% of fixed capital investment went the construction of production oriented facilities.
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