KHANKENDİ, Azerbaijan, May 14. Investment flow
to Azerbaijan's Karabakh is increasing, a source in the
Restoration, Construction and Management Service in Khankendi city,
Aghdara and Khojaly districts, told Trend.


According to the source, within the framework of the "First
State Program on the Great Return", consistent measures are being
taken to ensure sustainable settlement, integrate territories into
local and foreign value chains, attract investments, improve the
entrepreneurial environment, and develop agriculture and
tourism.


For this purpose, the activities of industrial parks are being
expanded, tax and customs benefits are being applied, and various
support mechanisms are being implemented to increase the financial
capabilities of entrepreneurs.


Head of the Karabakh Territorial Taxes Main Department of the
State Tax Service under the Ministry of Economy, Alakbar Mammadov,
said that over the past period, more than 25 billion manat ($14.7
billion) has been allocated from the state budget for restoration
and construction work in the liberated territories.


Mammadov also said that the volume of foreign investments in the
Karabakh region is expanding, too.


Applications received from foreign companies cover 39 countries.
Among the applications, the share of investors from Türkiye, Iran,
Hungary, Kazakhstan, and Russia is higher. This indicator
demonstrates the growing international interest in the region and
the attractiveness of the business environment created in Karabakh
for investors. Currently, a number of large projects are being
implemented with the participation of foreign investors.







Within the framework of the implemented initiatives, projects
such as the establishment of pomegranate orchards by Turkish
Demiroren and Dost Agropark, Uzbekistan's Agro Sonuat Innovator,
the Lithuanian Dominari furniture cluster, Swiss Holcim cement
warehouse, and Russian Kamaz service center in the Araz Valley
Economic Zone, Pakistan's Azerbaijan Rice Processing Mill LLC, as
well as the establishment of a poultry farm by Belarus'
Agrokombinat Dzerzhinski OJSC are being implemented. These projects
serve to expand the production and service infrastructure in the
region.


Mammadov emphasized that the implementation of investment
projects in the Karabakh region not only increases economic
activity, but also creates conditions for the creation of new jobs,
the development of local entrepreneurship, and the introduction of
modern technologies. Projects implemented in cooperation with
foreign partners make a significant contribution to strengthening
the production potential of the region.


In accordance with the priority directions set in the region,
agriculture, tourism, processing industry, and the service sector
have been identified as the main development areas. The
implementation of projects in these areas accelerates the economic
integration of Karabakh and serves the formation of a sustainable
development model. In the coming period, work will continue to
expand cooperation with foreign investors and attract new
projects.


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