The 5th meeting of the Azerbaijan-Saudi Arabia Joint Business Council was held in Baku on October 1, organized by the Small and Medium Business Development Agency (KOBIA) and the Federation of Chambers of Saudi Arabia. The Chairman of the Board of Alat Free Economic Zone Authority, Mr. Valeh Alasgarov participated at the meeting and delivered a presentation. He informed participants of the meeting about main activities of Alat Free Economic Zone (AFEZ), its strategic geographical location, unique legal framework, industrial land plots with ready-to-use off-site and on-site infrastructure and utilities, fiscal and non-fiscal incentives package for the investors, transportation and logistical centers and invited investors from Saudi Arabia to take an advantage from business friendly environment created in AFEZ.&nbsp;&nbsp;

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The Chairman of the Board of Alat Free Economic Zone Authority participated at the 5th meeting of the Azerbaijan-Saudi Arabia Joint Business Council 

A high-level delegation headed by H.E. Sheikh Faisal Bin Abdulla Al-Rawas, President of the Federation of GCC Chambers of Commerce and Industry (FGCCC) recently visited the Alat Free Economic Zone (AFEZ) and met with the Chairman of the Board of Alat Free Economic Zone Authority, Mr. Valeh Alasgarov. During the meeting, Mr. Alasgarov gave detailed information about the favorable business climate created in AFEZ for the investors. He briefed the guests about strategic geographical location of AFEZ, its unique legal framework, as well as about the industrial land plots with ready-to-use off-site and on-site infrastructure and utilities, and the fiscal and non-fiscal incentives package for the investors. The GCC official emphasized that companies operating in the food security, logistics, and industrial sectors in GCC countries are interested in investing in AFEZ. The visit included an informative internal tour to the AFEZ site, addressing key issues of interest to companies and concluded with an engaging Q&amp;A session.&nbsp;&nbsp;

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Entrepreneurs from GCC countries visited the Alat Free Economic Zone

A high-level delegation headed by H.E. Ms. Shen Ying,
Executive Vice Chairman of All-China Federation of Industry and Commerce
(ACFIC) visited the Alat Free Economic Zone (AFEZ) and met with the Chairman of
the Board of Alat Free Economic Zone Authority, Mr. Valeh Alasgarov.

During the meeting, Mr. Alasgarov gave detailed information
about the favorable business climate created in AFEZ for the investors. He
briefed the guests about strategic geographical location of AFEZ, its unique
legal framework, as well as about the industrial land plots with ready-to-use
off-site and on-site infrastructure and utilities, and the fiscal and
non-fiscal incentives package for the investors. 

Ms. Shen Ying emphasized that, the unique geographic location
of AFEZ and its legal base, as well as well-planned infrastructure and proper
strategy of AFEZ is attractive for foreign investors, in particular for Chinese
investors. She stated that the members of the Federation are high-tech
manufacturing companies and hoped that they will be interested in establishing
companies by taking advantage of the provided privileges.

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All-China Federation of Industry and Commerce visited AFEZ

Last week, the delegation from AFEZA had the opportunity to visit VIAC, a hub of expertise and innovation in the field of alternative dispute resolution. The purpose of the visit was to learn from VIAC’s extensive experience in providing alternative dispute resolution services as well as the key elements of institutional arbitration.

The experience was truly enlightening and provided deep insights into the key elements of institutional arbitration. 

The Deputy Secretary Ms. Elisabeth Vanas-Metzler and Legal Counsel Ms. Nazli Morali shared their invaluable knowledge concerning the VIAC Rules, the governance of the organization, and much more useful information. 

During the meeting, Mr. Thomas John MCIArb, an internationally recognized expert, emphasized the importance of alternative dispute resolution in AFEZ&nbsp; and the role of prospective AFEZ Arbitration Centre in providing efficient methods for dispute resolution within the free zone. 

The discussions continued with a presentation about the regional significance of AFEZ and exchange of ideas for the establishment of AFEZ Arbitration Centre. 

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The delegation from Alat Free Economic Zone Authority visited the Vienna International Arbitral Centre 

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