BAKU, Azerbaijan, March 17. Azerbaijan's Alat
Free Economic Zone is becoming a regional logistics and industrial
hub, Advisor to the Executive Director of the Export and Investment
Promotion Agency of Azerbaijan (AZPROMO), Sevil Yahyayeva, said at
the "WUF13 - awareness session for the private sector" today,
Trend reports.
According to her, a strong foundation has been created in the
country for enhancing international trade and investment
cooperation, implementing new joint projects, and establishing
long-term economic partnerships.
The AZPROMO official noted that infrastructure and institutional
incentives also play an important role in creating a favorable
investment climate. Economic zones, investment promotion
mechanisms, tax and customs privileges created in Azerbaijan
provide broad opportunities for investors.
"In this regard, the Alat Free Economic Zone (AFEZ) is of
particular importance. AFEZ is not only a zone with a special legal
and economic regime, but also an important component of
Azerbaijan's strategy to become a production, processing, trade,
and logistics hub in the region. Access to the Caspian Basin,
Central Asia, the Caucasus, Türkiye, and European markets, port
infrastructure, and integration with international transport routes
make AFEZ attractive for the formation of regional value
chains.
Currently, an air cargo cluster (Alat Cargo Airport, Cargo
Village) is being created in AFEZ to carry out cargo
transportation. These infrastructure projects create important
prospects for the transformation of AFEZ into a strategic
industrial center with the integration of various modes of
transport," she explained.
Yahyayeva also said that Azerbaijan's growing transport and
transit capabilities create significant advantages for the private
sector.
"The new economic reality emerging along the Middle Corridor,
logistics routes enhanced by digital solutions, and steps taken to
facilitate trade are redefining the transit map of the region.
Increasing the cargo carrying capacity of the Baku-Tbilisi-Kars
railway, an important element of the Middle Corridor, to five
million tons, the Baku International Sea Trade Port, whose capacity
will reach 25 million tons per year in the coming years, and nine
operating international airports further strengthen Azerbaijan's
role as an international transport hub," she added.
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