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Azerbaijan's construction market is projected to reach $11.2 billion by 2027, driven by investments in infrastructure, residential, and commercial projects. The market is expected to grow at an average annual rate of 3.2% from 2023 to 2027.
Key factors driving the growth of Azerbaijan's construction market include:
Government investments in infrastructure projects, such as roads, railways, and airports
Increasing demand for residential and commercial properties
Growing tourism sector
The Azerbaijani government is a major buyer of construction products and services. In 2022, the government spent $2.5 billion on construction procurement. The government's procurement process is governed by the Law on Public Procurement.
The main building products and services procured by the Azerbaijan:
Seismic-resistant construction materials
locally sourced building materials
prefabricated concrete elements
energy-efficient lighting systems
insulation materials.
Construction site management
logistics and transportation
labor recruitment
project financing
post-construction maintenance.
The top authorities for Azerbaijan building procurement are:
Ministry of Economy
Ministry of Construction
State Agency for Public Procurement
The top winners of Azerbaijan building procurement are:
SOCAR Construction
Azer Insaat
Pasha Construction
Garant Insaat
Azenko
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