Aliyev announces opening of free zone in Baku

In the near future, the opening of a free zone next to the seaport will be opened in Baku. We hope that this free zone will become a place of production and the place where the companies will direct their investments, in particular, said Azerbaijani President Ilham Aliyev at a panel meeting on the topic “Eurasian Middle Corridor: From the Route to the Highway” as part of the World Economic Forum in Davos .

The head of state also noted that the improvement of the business climate is one of the main factors in success: “All countries of the world, even the most developed, need additional investments. One business climate is not enough. Relations between countries are a really unique situation; A friendly environment around the world is a relationship between Azerbaijan and Georgia, Azerbaijan and Turkey, Georgia and Turkey, and tripartite relations. “

The president indicated that “transformation into a transit country in terms of current realities is important, but for us the creation of jobs and local production is more important. Therefore, we work a lot on diversification of our economy.”

“We believe that transportation will not only allow us to diversify exports, as we will export the services, but at the same time our location on the midnight corridor and the North -South route creates additional opportunities for business in Azerbaijan,” – The head of state indicated.