BAKU, Azerbaijan, June 11. Today, the non-oil
sector accounts for the bulk of Azerbaijan’s economy and continues
to be the main driver of economic growth, Huseyn Huseynov, advisor
to Azerbaijan’s Minister of Economy, at the event “Technovation:
Science and Innovation for Sustainable Economic Transformation,”
said, Trend’s
correspondent at the event reports.
According to the advisor, over the past two decades, Azerbaijan
has laid a solid foundation for sustainable economic growth thanks
to strategic investments, modern infrastructure, and a
reform-oriented business environment.
He noted that today the non-oil sector accounts for the majority
of the country’s economy and continues to be the main driver of
economic growth. In this regard, he said, the key task is to
accelerate development by building a diversified and
innovation-oriented economy.
"Digital transformation is central to Azerbaijan’s economic
agenda. The country is implementing a digital economy development
strategy aimed at strengthening digital infrastructure,
accelerating technology adoption, supporting innovation, and
developing the skills necessary for the economy of the future.
“Technology alone does not bring about transformation; people
play a key role in this process. In this regard, Azerbaijan is
actively investing in the development of human capital,” he
said.
Huseynov noted that as part of the national 4IR Academy program,
implemented in partnership with the American company Coursera, tens
of thousands of citizens have gained access to educational programs
in the fields of artificial intelligence, data analysis,
cybersecurity, and other promising areas.
The Minister’s Advisor also noted the importance of
international partnerships, emphasizing that the United States has
remained one of Azerbaijan’s key economic partners for over three
decades.
He added that cooperation between the two countries is gradually
expanding from traditional energy to areas such as innovation,
technology, and digital transformation.
Moreover, Huseynov noted that the economic dialogue between
Azerbaijan and the U.S. demonstrates the emergence of new
opportunities for cooperation, including high-performance
computing, artificial intelligence, cloud technologies, and digital
innovation.
The official also highlighted the expansion of cooperation with
companies such as Dell Technologies, Oracle, Microsoft, and Amazon,
noting the transition to a strategic technology partnership.
According to him, these initiatives form the foundation of a
modern digital economy capable of boosting productivity, creating
jobs, attracting investment, and enhancing global
competitiveness.
