Speaking at the INMerge Innovation Summit organized by PASHA Holding in Baku, Jabbarov highlighted the country's diversification strategy.
"At the heart of Azerbaijan's modern economic policy is diversification - reducing reliance on oil and gas while fostering dynamic, sustainable growth in the non-oil sector. Over the past twenty years, this approach has drawn more than $344 billion in investment, with over $210 billion directed to the non-oil economy," he said.
Jabbarov noted that between 2021 and 2024, the non-oil sector grew at an average annual rate of 6.7%, steadily increasing its share of the national economy. In just the past six years, non-oil exports have nearly doubled, reflecting Azerbaijan's rising global competitiveness and deeper integration into international value chains.
