Baku:In the first nine months of 2026, Azerbaijan's economy saw approximately 70% of its composition attributed to the non-oil and gas sector, as revealed by Huseyn Huseynov, Adviser to the Minister of Economy, during a panel session titled "Business Dialogue" at the 7th World Forum on Intercultural Dialogue.

According to Azeri-Press news agency, Huseynov highlighted Azerbaijan's dedication to fostering international investment partnerships, citing the 2nd Azerbaijan International Investment Forum held in Baku last month. The forum resulted in the signing of 23 corporate and investment documents valued at a total of USD 10.8 million.

Huseynov further mentioned that Azerbaijan is leading the Working Group on Small and Medium-Sized Enterprises of the Organization of the Black Sea Economic Cooperation for the period of 2026-2028. In addition, efforts are underway to support entrepreneurs through organizations such as the Organization of Turkic States, the Turkic Chamber of Commerce and Industry, and the Turkic Business Council.

He emphasized that Azerbaijan has prioritized areas including cross-border trade development, digitalization, green transition, and integration into international supply chains. National-level targeted measures are also being implemented to enhance the strength of small and medium-sized enterprises in the country.