Industry

More Where That Came From

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More Where That Came From

Azerbaijan's industrial sector is comprised of more than just mining and metalwork with a range of industries available for a youthful and ambitious workforce.

Amid a government focus to diversify the economy, many sectors have been tagged as having the best potential to lead the development of the non-oil sectors. Some have pointed to tourism, with the upcoming inaugural European Games leading to a major overhaul of the sector. Others have pointed to mining and metalwork, which has continued to develop at a healthy rate. ICT is also a promising sector, while agriculture has been given significant attention through the proposed Year of Agriculture for 2015.

Within Azerbaijan’s manufacturing and distribution sector, there is a wide range of industries that play a fundamental role in supporting the economy. The furniture manufacturers Embawood exemplify this phenomenon with their diverse production and continuous innovation practices. Due to an increase of domestic supplies since 2013, Embawood has been able to increase its profitability, and, according to its General Director Elshad Abbasov “has elevated the company to a higher level and led to a production increase.”

Companies such as Inter Glass are also somewhat unique in Azerbaijan. As a manufacturer of different types of glass, the growth of the company has been a revelation for Azerbaijan as the production of local glass has reduced dependence on exports considerably, providing the construction sector with significant potential to develop. Although Azerbaijan is still importing a certain amount, Inter Glass has proven that this business can be a lucrative one, as it has offices successfully established in Kyrgyzstan and Georgia.

An important factor in the diversification of Azerbaijan’s manufacturing sector is education. An increasing array of courses available at university level will heavily support innovation, new businesses, and new technologies. Idris Mustafayev, the Executive Director STP is positive about the impact of education on the development of STP: “We want to recruit young, talented, well-educated engineers who can lead STP and the country into the future.” Most employees for the park are graduates from university, and STP complements that with a range of opportunities for internships and work experience. “We have internships in all fields, depending on the field the student specializes in. Here, they get hands-on and practical experience.”

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