BAKU, Azerbaijan, September 25. Azerbaijan’s
National Development Strategy through 2030 envisages further
economic diversification with a focus on the private sector,
Economy Minister Mikayil Jabbarov said Friday at the second
Azerbaijan International Investment Forum in Baku, Trend’s correspondent reports from the
event.


According to Jabbarov, priority areas under the strategy will
include industrial production, services and investment in human
capital.


“Further diversification of the economy should be led by the
private sector, with a focus on areas such as industrial production
and the development of services, while placing greater emphasis on
investment in human capital and people so that they are prepared
for the changes taking place,” Jabbarov said.


He noted that the energy transition and artificial intelligence
will play an important role in implementing the strategy, including
by increasing economic productivity and improving the delivery of
public services.


According to the minister, ensuring access to long-term
financing and developing capital markets will be among the key
priorities through 2030.


“Regional partnerships are of paramount importance, as an
important part of the strategy is export-oriented. We cannot afford
to be limited by our domestic market,” he said.


Jabbarov also highlighted the importance of the Middle Corridor,
stressing that its role extends beyond the transportation and
transit of goods.







“The Middle Corridor is not only a means and route for
transporting or transiting goods, but also involves joint
processing, the creation of hubs, the development of a favorable
environment, a financial center and regional financial resources,
as well as joint investments,” he said.


According to Jabbarov, these areas are part of the objectives of
Azerbaijan’s National Development Strategy through 2030.


The second Azerbaijan International Investment Forum is being
held in Baku.


The two-day event is organized by Azerbaijan’s Ministry of
Economy and its subordinate Azerbaijan Export and Investment
Promotion Agency (AZPROMO), in strategic partnership with European
House – Ambrosetti.


This year’s forum is dedicated to the theme “Restoring Trust in
a Divided World: The South Caucasus as a Pillar of Global
Interconnectedness and Investment Stability” and brings together
leading global investors, government representatives, international
financial institutions and business leaders.