Tuesday, 02 January 2024 12:17 GMT

President Aliyev's Regional Tour Marks Pivot Toward Resilient, Post-Oil Azerbaijan


(MENAFN- AzerNews)

Notably, the state-supported investment framework surrounding the facility-including substantial tax exemptions, customs duty waivers, and a 10 million AZN preferential loan from the Azerbaijan Business Development Fund-reflects a deliberate policy to attract private capital into non-oil sectors. These fiscal incentives are not merely financial; they symbolize a broader shift toward creating industrial ecosystems outside the capital, fostering local employment, and encouraging import substitution.

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