BAKU, Azerbaijan, September 25. Export-oriented
manufacturing companies focused on producing high-value-added goods
for markets outside Azerbaijan are our advantage, Chairman of the
Board of the Alat Free Economic Zone (FEZ) Valeh Alasgarov said at
the 2nd Azerbaijan International Investment Forum held in Baku
today, Trend's
correspondent reports from the event.
He noted that, to be successful, Azerbaijan should not simply
replicate other free economic zones but should offer more
distinctive advantages.
"The difference between the Alat Free Economic Zone and other
free economic zones lies in the breadth of its competitive
advantages.
The Alat Free Economic Zone is located at the intersection of
the North-South and East-West transport corridors, near the Caspian
Sea. This means that we offer our clients all types of transport
and logistics services, including road, rail and sea transport," he
said.
Alasgarov also added that one of the most important aspects of
the Alat Free Economic Zone is its legislation.
"In other countries, zones are established under the standard
laws of those countries. In our case, there is a specific Law of
the Republic of Azerbaijan on the Alat Free Economic Zone. This is
a very important factor for investors," he stressed.
The second Azerbaijan International Investment Forum is being
held in Baku.
The two-day forum is organized by Azerbaijan's Ministry of
Economy and the Azerbaijan Export and Investment Promotion Agency
(AZPROMO), under the ministry, in strategic partnership with The
European House – Ambrosetti.
The forum's plenary and panel sessions will address strategic
topics including the Middle Corridor, energy and the green
transition, artificial intelligence and digital transformation,
infrastructure, industry and free economic zones, critical raw
materials, agribusiness, financial cooperation, small and
medium-sized business development, tourism, and investment in real
estate and human capital.
