The evaluation of the industrial development in Azerbaijan

The present article features the analysis of the formation and the development of the industrial sector in the Republic of Azerbaijan, as well as provides a review of potential assessment in terms of its growth and improvement. The recent acceleration of the industrialization process in the country is the result of the implementation of the smart oil and gas strategy that served to form the country’s stable financial resources conducive to increased opportunities of the rational exploitation of the available industrial capacities, as well as preparation of top of the line personnel training.