From oil to ore: Azerbaijan’s next economic pivot takes shape

The recent presidential decree to establish the Western Industrial Park marks a decisive step in Azerbaijan’s industrial transformation. By focusing on the expansion of iron ore processing and deepening the metallurgical value chain, the country is signaling its intent to move beyond raw material exports and toward a more diversified, resilient economy. This initiative is not simply about building factories; it is about reshaping Azerbaijan’s economic identity in a global context where metals are becoming increasingly strategic.

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