May 2017

President of the Republic of Azerbaijan signed decree on accelerating the establishment of the Alat Free Economic Zone.

May 2018

Law of the Republic of Azerbaijan "on the Alat Free Economic Zone" was adopted.

November 2019

Mr. Valeh Alasgarov was appointed as a Chairman of the temporary management structure of the Alat Free Economic Zone.

March 2020

Completion of master plan for 850 hectares area., which includes FEZ 1 (198 hectares), FEZ 2 (441 hectares), FEZ 3 (211 hectares).

May 2020

By the decree of the President of the Republic of Azerbaijan, Alat Free Economic Zone and Alat Free Economic Zone Authority were established, and Mr. Valeh Alasgarov was appointed as a Chairman of the Alat Free Economic Zone Authority.established and Mr. Valeh Alasgarov was appointed as a Chairman of the Alat Free Economic Zone Authority.

November 2020

Completion of detailed design for Phase 1A (60 hectares).

April 2021

The development of infrastructure in Phase 1A (60 hectares) has begun.

July 2021

President of the Republic of Azerbaijan laid the foundation stone for Alat Free Economic Zone.