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Over 500 New Industrial Enterprises to Open in 10 Years in Azerbaijan

In the next 10 years, more than 500 new industrial enterprises will open in Azerbaijan, according to a statement from the Deputy Industry and Energy Minister Gulmammad Javadov at a meeting with a delegation led by the Chairman of the European Parliament, Martin Schulz.

Javadov noted that over 30 state programs for different economic fields have been adopted, pointing out that non-oil industry in the country has increased by over 30 percent in recent years, with an 11.1 percent increase in 2011.

According to Javadov, the Presidential Decree to develop "Azerbaijan 2020: Vision to the Future" is of great significance in this context, showing that the country has many important strategic targets.

Among the goals of economic development are "providing conditions for [the] creation of numerous jobs, development of entrepreneurship, significance increase of volume, quality and targeting of social services, and [the] elimination of poverty," he added.

Source: News.Az

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