BAKU, Azerbaijan, April 24. The territory of
the Alat free economic zone has been expanded by about 15 hectares,
Trend reports.
President of the Republic of Azerbaijan Ilham Aliyev signed the
relevant decree.
According to the decree, in accordance with Part 3 of the decree
No. 1032 of the President of the Republic of Azerbaijan dated May
22, 2020 "On the establishment and organization of the activities
of the Alat free economic zone", the part of the land plot located
in the administrative territory of Alat settlement of the Garadagh
district of Baku city and designated as the territory of the Alat
free economic zone, which is indicated in the land development plan
compiled by the Ministry of Economy of Azerbaijan and attached to
this decree, constituting 1453.09 hectares of state property, was
transferred to the authorized body of the Alat free economic zone
with the right of one-time, gratuitous and permanent use.
The Ministry of Economy and the authorized body of the Alat free
economic zone must resolve the issues arising from this decree.
