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Booming with a 5.6% growth rate, the Azerbaijan engineering market is a hidden gem.
Oil and gas, construction, and transportation are the top sectors, driving demand for diverse engineering solutions.
With $5.7 billion invested in 2022 alone, the government is a major player, actively procuring engineering services and products.
Azerbaijan's government throws its weight behind infrastructure development, allocating generous budgets for engineering projects.
Power plants, pipelines, smart cities, and more – the scope is vast and ever-expanding.
From design and construction to maintenance and operation, the government seeks a full range of engineering expertise.
Steel structures, pipes, and construction materials are top commodities, feeding the infrastructure boom.
Cutting-edge technologies like automation, robotics, and AI are increasingly sought for modernization.
Environmental solutions and energy efficiency are gaining traction, as Azerbaijan embraces sustainability.
The Ministry of Economy plays a central role, setting procurement policies and overseeing major projects.
Sector-specific ministries like Energy, Transport, and Construction also wield significant influence.
The State Oil Company of Azerbaijan Republic (SOCAR) is a major client for oil and gas engineering needs.
Local engineering firms like Azeren and Azvirt are rising to the challenge, partnering with global giants.
International players like Siemens, Bechtel, and Fluor bring their expertise to the table, securing major contracts.
Joint ventures and technology transfers are common, fostering knowledge exchange and local capacity building.
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