Azerbaijani authorities expect capital investment to grow 3.7% per year until 2030

The Azerbaijani government predicts capital investments in the economy to grow at an average of 3.7% per year in the period from 2026 to 2029.

"The Economy Ministry has presented an updated capital investment forecast for 2026-2029, in which it assumes that capital investment will grow 3.8% in 2026, and 3.7% each subsequent year until 2029," the Finance Ministry said on its website.

The ministry predicts capital investments to be 23.7 billion manat in 2026, 25.2 billion manat in 2027, 26.7 billion manat in 2028 and 28.2 billion manat in 2029.

The Economy Ministry estimates that capital investment in the oil and gas sector will increase from 7 billion manat in 2026 to 8.8 billion manat in 2029, and non-oil and gas investments from 16.7 billion manat to 19.4 billion manat respectively.

The Economy Ministry forecasts capital investment in the economy to grow 3% in 2025, and previously forecast a 3% average yearly growth in fixed capital investment for 2025-2028.

Fixed capital investment in Azerbaijan fell 0.7% in 2024.

N.Tebrizli