Azerbaijan Approves State Program for Mining and Metallurgy Sector
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What happened
The President of the Republic of Azerbaijan, Ilham Aliyev, approved the "State program for the development of the mining (metal ores) and metallurgical industry in Azerbaijan for 2027–2030". This program outlines plans to establish new production capacities, including beneficiation, pellet, and hot briquetted iron plants for the Dashkasan iron ore project. The overall goal is to reach an annual export potential of approximately $2 billion, based on 2025 average global prices.
From trend.az
Why it matters
The initiative signals a strategic push to diversify Azerbaijan's economy beyond its reliance on oil and gas. The plan aims to create over 5,000 permanent jobs through the expansion of the processing and efficient utilization of natural resources. The program is intended to attract foreign investments and increase the added value created in the sector by more than two times.
Ilham Aliyev, as head of state, promotes national interests of Azerbaijan.
From trend.az, azernews.az
Who's involved
- AzerbaijanGeopolitical state undergoing industrial development planning.
- Ilham AliyevPresident of the Republic of Azerbaijan and chief proponent of the industrial push.
How it developed
Newest first. Tap a step to see who reported it.- Azerbaijan approved a state program for mining and metallurgy, which must be funded through the state budget.Sub-event
Aliyev pushes new industrial development in Azerbaijan.1 source
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The entities involved
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Azerbaijan
country in the Caucasus in Eastern Europe and Western Asia
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Ilham Aliyev
President of the Republic of Azerbaijan
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