Construction Sector Ranks Third In Terms Of Employment In Azerbaijan
(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 7. The construction
sector ranks third in terms of employment in Azerbaijan and fourth
among SMEs, First Deputy Chairman of the Board of the Azerbaijan
SME Development Agency Natig Hasanov said, trend reports.
He made the remark during the "Application of unified
contractual forms between subjects of the construction industry and
settlement of disputes in this area through mediation"
conference.
"This indicates the significant contribution of the
construction industry to the economic development of Azerbaijan and
underlines its importance in creating jobs and supporting small
businesses. Further development and strengthening of the
construction sector can contribute to economic growth and improve
the lives of Azerbaijani citizens," he said.
Meanwhile, investments in fixed assets amounted to
18.2 billion manat ($10.7 billion) in Azerbaijan in 2022, which is
5.5 percent more in comparison with 2021.
Five percent of investments (925.4 million manat or
$544.3 million) fell on the construction of residential
buildings.
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