Foreign direct investments in Azerbaijan’s non-oil and gas sector increase by 40 times

The volume of foreign direct investments made in the non-oil and gas sector in Azerbaijan stood at $1.834 billion in 2022, up 40.4 times from $45 million in 2003, Report informs.

During the reporting period, the investment in fixed capital increased by 5.3 times to 20.3 billion manats ($11.94 billion).

From 2004 to September 30, 2023, the investments from all sources amounted to $318.9 billion, of which $197.8 billion was invested in the non-oil and gas sector. The investments from all sources in 2022 made up $17.1 billion, four times more than in 2003.

Investments made in the non-oil and gas sector from all sources amounted to $10.6 billion in 2022, which means an increase of 9.5 times compared to 2003.