Home Azerbaijan Politics New impetus for Nakhchivan’s socioeconomic development: $151.8 mln Politics Materials 12 August 2026 20:09 (UTC +04:00) Elvin Ahmad Read more BAKU, Azerbaijan, August 12. One day after the visit of President of the Republic of Azerbaijan Ilham Aliyev to the Nakhchivan Autonomous Republic, a decree was signed allocating 258 million manat ($151.8 million) to accelerate the region’s socioeconomic development. This decision marks another important step in the consistent state policy aimed at the development of Nakhchivan. The allocated funds will be used to finance projects implemented under existing state programs, including the State Program for the Socio-Economic Development of the Nakhchivan Autonomous Republic for 2023–2027. The new financial package will ensure the modernization of Nakhchivan’s infrastructure, boost economic activity, improve the social well-being of the population, and further strengthen the autonomous republic’s contribution to the country’s overall development. Energy and Infrastructure Projects Using the allocated funds, plans are in place to expand the use of alternative and renewable energy sources in 2026–2027. The continued construction of a 15.6-MW hydroelectric power plant will increase Nakhchivan’s energy capacity and make a significant contribution to the implementation of Azerbaijan’s green energy policy. In addition, 420 kilometers of urban, rural, and inter-settlement roads will undergo major repairs. The project will cover 26 settlements and benefit 156,300 people. The modernization of the intercity public transportation fleet will improve the quality and safety of passenger service. Support for Education and Social Services The new investments also include the development of educational infrastructure. Plans are in place to build a 1,000-bed student dormitory at Nakhchivan State University and five new kindergartens with a total capacity of 640 children. In addition, major repairs will be carried out on the facades and interiors of 161 residential buildings, and boiler rooms will be renovated. A Strategic Vision for Nakhchivan’s Development This decree, signed by President Ilham Aliyev, is yet another tangible indicator of state policy aimed at the balanced development of the regions. The new investment package, which includes energy security, modern road infrastructure, educational opportunities, and social projects, will contribute to the long-term development of Nakhchivan and further strengthen the autonomous republic’s economic potential. Tags: investments Nakhchivan socio-economic development Follow Trend on Whatsapp Telegram Facebook Twitter News Try Trend Premium for 1$ Source: https://www.trend.az/azerbaijan/politics/4214706.html © 2026 Trend News Agency. All rights reserved. googletag.cmd.push(function () ); openedNews.lang = "en"; openedNews.id = 4214706; openedNews.date = 1786550981; openedNews.category_id = 1011; openedNews.genre_id = 20; displayGPTSlot('TREND_slot_right_news_top_240x400', 'TREND_slot_right_news_top_240x400_1786561211'); googletag.cmd.push(function () );
