BAKU, Azerbaijan, September 17. Increasing the
sophistication of Azerbaijan’s economy is one of the main goals,
Azerbaijan’s Minister of Economy Mikhayil Jabbarov said at the
opening ceremony of the “Baku ID 2026” innovation festival, held at
the SABAH. city innovation hub, Trend's correspondent reports from the event.


The minister noted that this involves not only producing more
goods, but also creating goods and services with higher added
value.


“Our main goal and ambition is to increase the complexity of
Azerbaijan’s economy. To put it simply, this means not just
producing more goods, but creating goods and services with higher
added value,” M. Jabbarov noted.


According to him, the joint integration of talent, technology,
and the ecosystem is crucial to achieving this goal.


“With the right policies and a favorable environment in place,
human capital is at the very heart of this process. Today, the
concepts of illiteracy and a skilled worker are also taking on a
whole new meaning,” the minister added.


Jabbarov noted that in the modern economy, people are not only
those who seek employment but also those who create new jobs.


Emphasizing that this is the very essence of the “Baku ID”
philosophy and the festival’s fifth anniversary, the minister
thanked everyone who contributed to the project’s
implementation.


The minister noted that the technological transformation of the
labor market is accelerating, and that artificial intelligence
plays an important role in this process.







According to him, one of Azerbaijan’s main goals through 2030 is
not only to develop technologies but also to be able to effectively
master and apply these technologies at a high level.


M. Jabbarov noted that the indicators presented in the “Future
of Jobs” report demonstrate the direction of changes that will
occur in the labor market in the coming years.


“It is expected that the share of jobs based exclusively on
human labor, without the involvement of technology, will decline,
while the share of jobs in which humans and technology work
together will grow. At the same time, the share of automated
processes carried out exclusively by technology and artificial
intelligence will increase,” the minister emphasized.


He noted that these trends indicate that the labor market of the
future will be based on the collaboration between humans and
technology.


At the beginning of his remarks, M. Jabbarov noted that the
project is not merely a physical infrastructure, but a platform
that brings together economic actors, the educational ecosystem,
innovators, representatives of the financial sector, and the
general public.


“We view this space not merely as physical infrastructure, but
as a platform that brings together economic actors, the educational
ecosystem, innovators, and everyone who is important to the
ecosystem—from representatives of the financial sector to the
community,” the minister said.