BAKU, Azerbaijan, September 17. Strengthening
public-private partnerships (PPP) is one of the key factors in
boosting productivity and creating a favorable business
environment, Azerbaijan’s Minister of Economy Mikayil Jabbarov
said, Trend's
correspondent reports from the event.


He made the remark during his speech at the opening ceremony of
the Baku ID 2026 innovation festival held at the SABAH.city
innovation campus.


The minister said that Azerbaijan has completed one of the
important stages of its development, with the necessary
macroeconomic and macrofinancial stability, sovereign reserves, as
well as a foundation for forecasting the country’s future economic
trajectory now in place. "This also gives us an opportunity to
benefit from our qualitative indicators," Jabbarov noted.


According to him, the capitalization potential of the South
Caucasus and Central Asian region, to which Azerbaijan naturally
belongs, is steadily increasing. "The region’s capitalization
potential is steadily increasing. For the first time since the
restoration of independence, the region is free of conflicts. The
strong resilience demonstrated by Azerbaijan’s jurisdiction amid
global and regional crises is also among the key advantages," the
minister said.







Jabbarov emphasized that the supportive policies implemented by
the state require greater attention to the role of the private
sector in governance. "We must acknowledge that the state can
sometimes become a structure that moves slowly in processes. Even
when the intentions are very good, decision-making, verification,
and the distribution of responsibility and decision-making
processes take more time. We often think in short one-year cycles,"
he added.


According to the minister, strengthening public-private
partnerships (PPP) is one of the key factors in boosting
productivity and creating a favorable business environment. "This
is not just about classic infrastructure projects. What is
envisaged is precisely the format we are witnessing today. Such
opportunities and this kind of content could not have emerged
without the state’s sound policies, the private sector’s
initiative, investment and management experience," Jabbarov
said.