Development Works Are In Progress In The Alat Free Economic Zone

2024-02-01 02:59:10

(MENAFN- Trend News Agency) The development of the new territories allocated to the Alat Free Economic Zone is in progress in order to provide the investors with a favorable business climate.

In this regard, based on past experienсe, the working group has been formed by the relevant Decree of the President of the Republic of Azerbaijan aimed at ensuring the efficient organization and proper coordination of the matters related to the development of the next stage territories allocated to the Alat Free Economic Zone. The Minister of Economy of the Republic of Azerbaijan Mikayil Jabbarov has been appointed as the head the Working group, which consists of representatives of the relevant state institutions and organizations, as well as the Alat Free Economic Zone Authority.

The main purpose of the establishment of the working group is to prepare the Master Plan of the territories allocated to the Alat Free Economic Zone and, on the basis of this Plan, to develop and implement the projects of the on-site and off-site transportation (railway and highways), and utilities (water, gas, electricity, sewage, etc.) infrastructure with the participation of the relevant state institutions and organizations.

It is crucial to note that the establishment and the operation of the working group will ensure the faster and more efficient development of the territories allocated to the Alat Free Economic Zone and of the relevant infrastructure.

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