BAKU, Azerbaijan, October 27. An artificial
intelligence observatory is being established in Azerbaijan to
diversify the economy, increase productivity, and strengthen the
country’s global competitiveness, the Deputy Minister of Economy
Samad Bashirli said at the opening ceremony of the IE Center for
Leadership and Innovation, Trend's correspondent reports.


Bashirli noted that the Ministry of Economy and the University
of Artificial Intelligence have signed a framework agreement on
cooperation within the AI Hub initiative to establish and develop
the “AI Azerbaijan Observatory” — an observatory focused on
competitiveness and economic transformation.


He stated that the observatory will bring together academia,
government agencies, and the business sector; expand the exchange
of knowledge and experience in the field of economic development;
and promote the adoption of decision-making approaches based on
scientific research and international experience.


Bashirli emphasized that evidence-based research and
international expert assessments are crucial for formulating sound
economic policy. The observatory’s activities will cover areas such
as economic diversification, productivity improvement,
strengthening competitiveness, and comparative analysis of
international experience. There are also plans to hold relevant
discussions to translate research findings into practical
recommendations for policy development.


He pointed out that, to translate technological changes into
economic benefits, it is necessary to improve leadership approaches
and decision-making processes. The implementation of technologies
should not be limited to merely mastering them, but should
contribute to increased productivity and greater value
creation.


Furthermore, he noted that expanding the connections of
Azerbaijani startups and entrepreneurs with international
innovation networks, investors, and experts can create conditions
for developing promising ideas, entering new markets, and
attracting investment.







To this end, various support mechanisms are being implemented in
the country to stimulate innovation. Bashirli noted that startups,
investors, as well as residents and operators of technology parks
will be able to benefit from tax incentives for up to 20 years, as
well as incentives related to research and development activities,
investments in entrepreneurship, and the recruitment of
international specialists.


Mikayil Jabbarov’s letter emphasizes that developing competitive
human capital, mastering modern technologies, and building
innovative capacity are among the main priorities of Azerbaijan’s
economic development.


“The main goal is to link international knowledge and expertise
with Azerbaijan’s economic priorities and to translate investments
in human capital into increased productivity and tangible economic
results,” the letter states.


In addition, it was noted that the activities of the IE Center
for Leadership and Innovation should contribute to the development
of human capital, the expansion of the innovation ecosystem, and
the strengthening of Azerbaijan’s global economic
competitiveness.