BAKU, Azerbaijan, September 24. A series of
high-level meetings were held as part of the business visit to
Malaysia by the delegation of the Alat Free Economic Zone
Authority, led by Mr. Valeh Alasgarov, Chairman of the Board of the
AFEZ Authority.
As part of the visit, a meeting was held with representatives of
POS Aviation, during which discussions focused on the new
international airport currently under construction within the Alat
Free Economic Zone and its future operations. The parties discussed
the airport’s potential role in air cargo transportation and
opportunities for cooperation in this area. Representatives of POS
Aviation were also provided with detailed information on the
activities, development plans and infrastructure of the Alat Free
Economic Zone.
The delegation also met with Mr. Samer Elesawi, Chairman of the
Islamic Development Bank Center of Excellence. During the meeting,
Mr. Elesawi highly praised the organization of the Islamic
Development Bank Group Annual Meeting held in Baku earlier this
year. The parties exchanged information on the activities of the
Alat Free Economic Zone and the Islamic Development Bank.
Representatives of the Islamic Development Bank expressed their
interest in cooperation with AFEZ and noted that investors from the
organization’s member countries would be informed about the
opportunities offered by the Alat Free Economic Zone.
As part of the visit, a meeting was also held with Mr. S. Jai
Shankar, Deputy Chief Executive Officer of the Malaysia External
Trade Development Corporation (MATRADE). During the meeting,
detailed information was provided on the activities of the Alat
Free Economic Zone, the favorable conditions created for investors
and the investment opportunities available within AFEZ. The
opportunities presented were received with interest by MATRADE,
which noted that Malaysian investors would be provided with further
information on the investment opportunities offered by the
AFEZ.
Special Event Dedicated to the Alat Free Economic Zone
Held in Kuala Lumpur
On 22 September, a special event dedicated to the Alat Free
Economic Zone was held in Kuala Lumpur. The event brought together
high-level representatives of Malaysian government and business
entities, business associations, chambers of commerce and industry,
as well as companies operating across various sectors.
The event opened with remarks by H.E. Mr. Khazar Farhadov,
Ambassador Extraordinary and Plenipotentiary of the Republic of
Azerbaijan to Malaysia. The Ambassador provided an overview of the
existing cooperation between Azerbaijan and Malaysia and the
prospects for further development of economic and trade relations
between the two countries, highlighting the role of the Alat Free
Economic Zone and the opportunities it offers in this context.
Mr. Valeh Alasgarov, Chairman of the Board of the Alat Free
Economic Zone Authority, then delivered a comprehensive
presentation on AFEZ. The presentation provided detailed
information on AFEZ’s strategic geographical location, unique legal
framework, package of fiscal and non-fiscal incentives,
ready-to-use industrial land plots with ready-to-use infrastructure
and utilities, services provided through the “one-stop shop”
principle, and other investment opportunities.
At the conclusion of the presentation, Mr. Alasgarov invited
representatives of the Malaysian business community to take
advantage of the opportunities offered by the Alat Free Economic
Zone and establish export-oriented manufacturing facilities within
AFEZ. He also responded to questions raised by the
participants.
