BAKU, Azerbaijan, January 5. When the Ministry
of Defense Industry was established by my order 20 years ago, we
assessed it as a state monopoly at the time, President of the
Republic of Azerbaijan Ilham Aliyev said during an interview with local television channels on January 5,
Trend reports.
"However, over the years, especially when we look at
international experience, we have observed that private companies
play leading roles in many countries. Moreover, by involving
private companies in this work, we could reduce both the burden on
the state and the financial aspect. Therefore, over the past two
years, opportunities have been provided to private companies
alongside state ones.
To date, 15 companies have been granted licenses – of course,
this is an area that requires licensing. Seven private companies
have already started producing military products. If we look at the
volume of investment, we can see that one billion manats were
invested in 2024-2025 to create new production sites and expand
existing ones. Half of this was invested by the private sector.
Again, since this area is somewhat restricted to the public,
extensive information is not provided. However, this process has
become very widespread,” the head of state added.
