Azerbaijan has 9.5 Million people and borders with the Caspian Sea to the East, Russia to the North, Georgia to the North-West, Armenia to the West and Iran to the South. Capital Baku has over 2 Million people and growing.
With huge oil and gas revenues, Azerbaijan has endured the global economic crisis well. Average annual growth of the economy is 6%.
Azerbaijan is quickly becoming a higher middle-income country with high growth rates, strong increase in salaries, and a developed social benefit system.
OIL AND GAS PROJECTS include both on-shore and off-shore projects.
Azerbaijan also plays an important role in BUILDING PIPELINES AND TRANSPORTATION ROUTES for oil and gas, including PORT infrastructure.
Azerbaijan is eager to diversify it´s economy in order to provide employment opportunities to it´s population and other exportable products than natural resources and especially oil and gas. Creation of successful local businesses and high-quality manufacturing units is one of the key elements in the government policy.
Improving the INFRASTRUCTURE is a critical objective in Azerbaijan.
Azerbaijan´s geographical position makes it an important link between the Black Sea and the Caspian Seas. It is also connected Russia with Iran. Improvement of the ROAD NETWORK has been identified as one of the priorities for production diversification for the country.
Azerbaijan is investing in HIGH TECHNOLOGY MEDICAL EQUIPMENT, MEDICAL CLINICS AND MEDICAL RESEARCH CENTERS. There is even a recent upsurge of "medical tourism" to Azerbaijan from the neighbouring countries.
Baku´s past as a Soviet industrial center has left it as one of the most polluted cities in the world. ENVIRONMENTAL PROTECTION, WASTE WATER HANDLING, CLEANING OF POLLUTED INDUSTRIAL GROUND and the enormous environmental concerns of the oil and gas industry are among the main priorities in the country.
Azerbaijan has already demolished thousands of poorly built and derelict buildings from the Soviet period. Entirely NEW HOUSING AREAS, OFFICE AND GOVERNMENT BUILDINGS, SHOPPING CENTERS AND RECREATIONAL BUILDINGS are planned and being constructed. Construction boom also includes "GREEN BELT AREAS" on the Caspian shores and new parks and gardens on the land reclaimed by filling up the beaches of Baku Bay. Improvements in city life are made in general CLEANING, MAINTENANCE AND GARBAGE COLLECTION according to Western European standards.
TOURISM is an important business area in the future. During Soviet times, Azerbaijan was a popular holiday destination with beach and spa life. To attract modern holiday makers today, Azerbaijan is planning investments on holiday resorts and sports infrastructure. Baku will start hosting Formula One races in 2016. Baku will also host three group games and one quarter-final of the UEFA Euro 2020. Baku will host the European Games in 2015.
Azerbaijan has a subtropical semi-arid climate with warm and dry summers and cool and wet winters. Proximity of the Caspian Sea also makes the shore line very windy. AGRICULTURE is an important component of Azerbaijan's non-oil economy and has significant potential for boosting more export revenues for the country. Agriculture accounts for only 7 percent of GDP but it is important for providing employment and diversification alternative business areas in Azerbaijan (for food processing, food safety, etc)