Prospects of the non-oil sector as a priority direction of foreign investment transfers: the example of Azerbaijan

Abstract

The non-oil sector in Azerbaijan has separated from the traditional oil-centered economy and has become the main focus for foreign investments. This article examines the prospects of attracting foreign investments in the non-oil sector, and emphasizes its importance in diversifying the economy of Azerbaijan. By analyzing key trends and strategies, this study clarifies the potential of non-oil industries such as tourism, agriculture and technology to enhance economic growth and sustainability. Through empirical evidence and case studies, he emphasizes the importance of Azerbaijan prioritizing the development of the non-oil sector in its foreign investment initiatives.