Day: June 24, 2025

As Azerbaijan accelerates efforts to diversify its economy beyond oil and gas, the government is placing increasing emphasis on developing non-oil sectors such as agriculture, manufacturing, and green energy. This strategic pivot – outlined in the country’s “Azerbaijan 2030: National Priorities for Socio-Economic Development” – seeks to create a more resilient, inclusive, and innovation-driven economy. In this context, President Ilham Aliyev’s visit on June 23 to key regions including Yevlakh and Goranboy stands as a clear demonstration of the state’s commitment to balanced regional development, technological modernization, and private sector empowerment.

President Aliyev showcases Azerbaijan’s economic diversification drive in regional tour  AzerNews

The closing of the transaction is expected in the second half of 2025, contingent upon the fulfillment of certain conditions.