The second stage of creation of a strategic road map of the national economy and its main sectors has started in Azerbaijan, Elhan Mikailov, representative of the presidential administration, said at the public discussions “Industrialization and Innovative Development.”
He said the strategic road map focuses on the industrial development.
“In particular, three main sectors of the industry have been selected: oil, gas and chemical industries as well as heavy industry and machine building,” Mikailov said.
The said that there are still some problems in this sector, despite serious measures taken for industrial development.
The problems are related to competitiveness of the products manufactured in the country and the fact that majority of the products manufactured in the country do not comply with the international standards. He believes that the third problem is the need to develop corporate management, which will help to bring more foreign investments into the country.
* Natig Amirov, Azerbaijani President Assistant for Economic Reforms, has been instructed to submit a strategic road map of the national economy for consideration of President till mid-September 2016. The road map will cover the period between 2016 and 2020 and 2020 and 2025 as well as the period after 2015.
The International Consulting Company McKinsey is in charge of preparation of the project.
Turan reported that the government led by Vice Premier Yagub Eyubov has been working on the project of development of Azerbaijani oil and gas industry till 2030. The project envisages multibillion investors into the sector of economy between 2016 and 2030. The government realizes that in mid-term oil and gas industry will be the most profitable sector of Azerbaijani economy, which will be expanded at the expense of petrochemical plants of State Oil Company of Azerbaijan (SOCAR). –0--
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