Two developments that have attracted attention in Azerbaijan’s industrial policy in the autumn of 2026 are, in fact, separate parts of a broader picture. On September 23, the State Program for the Development of the Mining and Metallurgical Industry for 2027–2030 was approved. On October 1, Czech company CSG announced plans to establish a second joint venture in Azerbaijan and start production of self-propelled howitzers in the country from 2027. The key concept connecting these two areas is an industry that creates high added value.

Azerbaijan’s metallurgical program for 2027–2030 is expressed in substantial figures. The sector’s contribution to GDP is targeted to increase from ₼700 million ($411.8 million) to ₼1.8 billion ($1.06 billion) by 2030, while annual export potential is expected to rise from ₼1.3 billion ($764.7 million) to ₼3.4 billion ($2 billion). To achieve these objectives, ₼5.3 billion ($3.12 billion) in investment is envisaged for 2027–2030. Of this amount, ₼1.1 billion ($647.1 million) is expected to come from the state budget, ₼2.2 billion ($1.29 billion) from state-owned enterprises, and ₼2 billion ($1.18 billion) from the private sector. Thus, around 80 percent of the total ₼5.3 billion ($3.12 billion) investment package is expected to be attracted from non-budget sources.

Behind these figures is the formation of a broad industrial chain covering the development of new mines, the processing of raw........

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