BAKU, Azerbaijan, November 4. The Karabakh
Revival Fund plans to begin construction in 2027 on facilities to
be leased to entrepreneurs in Aghdam, Jabrail, and Fuzuli, the
Chairman of the Board of the Karabakh Revival Fund, Rahman Hajiyev
told Trend on the
sidelines of the AIREX 2026 international real estate and
investment exhibition in Baku.
According to him, the project is being implemented at the
direction of the country’s leadership in collaboration with
Azerbaijan’s Ministry of Economy. Special spaces for entrepreneurs
are planned for the Aghdam Industrial Park, the “Araz Valley”
Industrial Park in Jabrayil, and the city of Fuzuli.
“These are physical buildings that will subsequently be leased
to entrepreneurs on special terms with the participation of the
Economic Zones Development Agency and at the request of the
Karabakh Revival Fund.
Meetings with project development companies are currently
underway. Once the relevant expert evaluations have been completed
and the tender procedures have been finalized, the implementation
of the projects will begin.
Preliminary estimates do not yet allow us to specify the exact
cost of the projects, but we are talking about several million
manats per facility.
We plan to begin the design phase this year. We hope to complete
this stage next year and begin construction," he added.
The Karabakh Revival Fund is a public legal entity whose
activities are aimed at providing financial support for the
restoration and reconstruction of Azerbaijan’s territories
liberated from occupation, transforming them into a region with a
sustainable economy and a high standard of living.
The Fund’s objectives also include attracting investment,
promoting the development of public-private partnerships in this
sphere, as well as providing information, conducting educational
activities, and organizing necessary informational events both
within the country and abroad related to the ongoing work.
