A new commission has been established to ensure the accelerated implementation of strategic investment projects and to strengthen inter-agency coordination in Azerbaijan. According to the Operative Information Center-OMM, the Cabinet of Ministers has issued a formal decision regarding this initiative.
The commission is tasked with ensuring a unified approach to the planning and execution of strategic investment projects that hold particular significance for the national economy. By streamlining administrative processes and fostering cooperation between state bodies, the government aims to enhance the efficiency of major economic undertakings.
The commission is chaired by Deputy Prime Minister Shahin Mustafayev, with Minister of Economy Mikayil Jabbarov serving as deputy chair. Members include deputy ministers from key government agencies, including the Ministry of Finance, Ministry of Ecology and Natural Resources, Ministry of Energy, Ministry of Justice, Ministry of Labor and Social Protection of the Population, Ministry of Emergency Situations, Ministry of Agriculture, and the Ministry of Digital Development and Transport. Representatives from the State Customs Committee, the State Committee for Urban Planning and Architecture, and the Central Bank of Azerbaijan are also included.
The Ministry of Economy has been assigned the responsibility of managing the commission's secretariat to facilitate its ongoing operations.
The commission's primary responsibilities include:
- Reviewing and selecting strategic investment projects based on preliminary assessments conducted by the Ministry of Economy;
- Submitting a list of selected projects to the Cabinet of Ministers for annual approval;
- Ensuring coordination among relevant agencies to promptly resolve institutional, administrative, and technical obstacles;
- Proposing incentive measures, concession mechanisms, infrastructure support, land allocation, state guarantees, and subsidies to the Cabinet of Ministers;
- Providing biannual progress reports on project implementation to the Cabinet of Ministers.
Depending on the nature of the projects under discussion, the commission may involve other state bodies as necessary to ensure comprehensive oversight and support.
This initiative reflects Azerbaijan's ongoing commitment to improving its investment climate. Strategic investment commissions are common tools used by governments globally to centralize decision-making, reduce bureaucratic delays, and provide a "one-stop-shop" experience for large-scale economic projects, thereby attracting both domestic and foreign capital.
