BAKU, Azerbaijan, September 25. The development
of the Middle Corridor is creating new opportunities for companies
seeking to expand their supply chains and establish production
facilities closer to regional markets, Azerbaijan’s Deputy Minister
of Economy Samad Bashirli said at the 2nd Azerbaijan International
Investment Forum held in Baku today, Trend's correspondent reports from the
event.


He noted that global transformation in clean energy, electric
mobility, information technology and artificial intelligence is
generating new demand for advanced manufacturing and critical raw
materials.


“Today, 10 industrial parks operate in various regions of our
country. They cover a wide range of sectors, including chemicals,
petrochemicals, machinery, textiles, pharmaceuticals, construction
materials and food processing. A total of 139 enterprises are
registered in these industrial parks, more than 100 of which are
currently operational. The value of products manufactured in the
industrial parks has reached $3.7 billion, of which approximately
$1 billion has been exported.


“An important part of this ecosystem is the Alat Free Economic
Zone. Designed specifically to attract export-oriented, high-tech
and high value-added manufacturing, the zone operates under a
dedicated legal and regulatory framework, including a ‘one-stop
shop’ approach aimed at simplifying procedures for investors,” he
said.







The second Azerbaijan International Investment Forum is
currently taking place in Baku.


The two-day forum is organized by the Ministry of Economy and
the Export and Investment Promotion Agency of Azerbaijan (AZPROMO),
with The European House–Ambrosetti as its strategic partner.


The plenary and panel sessions at the forum will cover 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, real estate and
investment in human capital.