Conferences & Fairs

The Baku Expo Centre is the biggest events venue in the South Caucasus. It provides over 30,000m² of exhibition space and includes facilities for hosting conferences, meetings, seminars and presentations.

More on conferences & fairs:

ITECA CASPIAN - iteca.az

TERRAPINN - terrapinn.com

CASPIAN EVENT ORGANISERS - ceo.az

Tourism

Tourism sector has proved to be particularly successful in Azerbaijan. This is attributable to the country’s extraordinary natural beauty, a supportive legal and regulatory framework and a well-developed tourism and hospitality infrastructure. Baku boasts the best tourist facilities in the region with modern hotels, resorts, international and traditional cuisine as well as convenient air links to Europe and Asia. A number of international hotel chains such as Hyatt, Radisson, Park Inn, Kempinski, Four Seasons, JW Marriott and Hilton operate in Azerbaijan.

Climatic and terrain diversity, mountains and warm sea, medicinal hot springs are just a few attractions to see. Half of the world’s mud volcanoes are located in Gobustan. Gobustan Rock Art Cultural Landscape has an outstanding collection of more than 6,000 rock engravings (petroglyphs) bearing testimony to 40,000 years of rock art.

The oldest Early Christian church, the fire worshippers’ temple Ateshgah, medieval castles scattered all over the country as well as UNESCO’s World Heritage sites of the Maiden Tower, the Shirvanshakh Palace, the Momine Khatun Mausoleum in Nakhchivan are the must-sees. Exquisite cuisine and wines have become gastronomical trademarks of Azerbaijan in the region and well beyond. Azerbaijani carpets, mugam and ashyg music art are in the UNESCO list of non-material heritage.

Each year more than one million foreign tourists visit Azerbaijan. Opportunities exist for developing regional tours (e.g. the Silk Way Tours involving Azerbaijan and countries of Central Asia). There are more than 500 hotels and B&B type facilities throughout the country.

The tourism market is fully liberalized with an excellent opportunity for international operators to establish businesses in Azerbaijan. As a major regulatory body, the Ministry of Culture and Tourism issues licenses for those wishing to engage in tour operations. Azerbaijan Tourism Portal contains useful information for tourists.

Tourism in Azerbaijan

Transport

Azerbaijan has a well developed transport infrastructure. It includes more than 22000 km of roads, over 2000 km of railroads as well as 5 international and 2 local airports. In 2013, the share of transport sector in Azerbaijan's GDP was 4.8%. Oil and gas pipelines are top performers within the sector (Table: Capital investments in transport) although other segments also experience rapid growth.

Azerbaijan has successfully completed structural reforms in the transport sector with a clear separation between the regulatory and commercial functions of transport agencies. The Ministry of Transport remains the regulatory body while Azerbaijan Railways CJSC manages railroad transportation, the State Maritime Administration oversees maritime transportation and the State Civil Aviation Administration is responsible for aviation issues. Motorway transportation services are within the realm of the "Avtonegliyyatservis" Department of the Ministry of Transport. Azerbaijan Airlines CJSC is the national air carrier.

Azerbaijan is an important hub for multi-modal transit of goods and passengers from Europe to Asia and back. Landmark infrastructure projects under implementation include Baku International Sea Trade Port in Alat and Baku-Tbilisi-Kars railway. The port in Alat will handle more than 20 million tons of cargo annually making Baku once again the biggest sea port on the Caspian. The Baku-Tbilisi-Kars railway project is a joint endeavor by the Governments of Azerbaijan, Turkey and Georgia to facilitate international transit of goods and passengers from China to Europe hereby helping unlock the region’s huge transit potential.

Azerbaijan is also an active member of the Transport Corridor Europe-Caucasus-Asia (TRACECA).

Telecom & IT

Telecommunications sector in Azerbaijan is the second largest recipient of foreign investment after oil industry. The largest FDI stock is in mobile telephony followed by foreign landline operating companies, internet providers and cable TV companies. Foreign capital inflow into the telecommunications industry is in the form of joint ventures with entities subordinate to the Ministry of Communication and High Technologies which acts both as a partner and a supervising authority.

Telecom is one of leading sectors contributing to economic growth. In 2013, the sector grew by 14%. Further development of the legal framework towards telecom market liberalization has provided substantial business opportunities for foreign companies. There are four mobile operators in the country: Azercell , Bakcell, Azerfon and Catel. As of June 2014, there are 11 million cell phone subscribers in Azerbaijan. 73% of the population is Internet and 55% is broadband users.

Establishment of regional innovation zones (techno-parks) with a strong research component that will promote innovation entrepreneurship as well as production and export of electronic equipment and software is one of the sector’s medium-term goals.

Establishment of regional innovation zones (techno-parks) with a strong research component that will promote innovation entrepreneurship as well as production and export of electronic equipment and software is one of the sector’s medium-term goals.

The Government sees development of the space industry as part of its broader plans to transform Azerbaijan’s information communications technologies sector into a highly-competitive industry. Azerbaijan is the first country in the South Caucasus to launch a 16-transponder satellite in 2013 in partnership with a US-based contractor Orbital Sciences Corporation TThe satellite will include intra-governmental mobile telephone communications, television, radio and internet broadcast capabilities and will be accessible in Europe as well as Central and South-East Asia.

Azerbaijan is also one of co-sponsors of the UN resolution on Building connectivity through the Trans-Eurasian Information Super Highway (TASIM) aimed at promoting the development of ICT infrastructure and e-commerce throughout Eurasia

Construction

Azerbaijan’s dynamically growing economy spurred development of the domestic real estate market and led to huge capital investments in local infrastructure related to oil and gas projects. With the construction sector fully liberalized, property development has evolved into a very competitive sector with a number of companies able to deliver the highest international standards in construction.

In 2013 the sector grew by 12%.The market hot spot is the capital city of Baku although recent years have witnessed construction boom in the regions. The share of residential construction has dramatically increased over years although a steady growth is observed in agriculture, transport and industrial sectors.

The Ministry of Emergency Situations ensures Government control over all stages of construction activities across the country.

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