A high-level delegation led by Aklilu Tadesen, Minister of State in the Office of the Prime Minister of the Federal Democratic Republic of Ethiopia&nbsp;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 provided detailed information about main activities of the AFEZ, its strategic geographical location, unique legal framework, as well as about the industrial land plots with ready-to-use off-site and on-site infrastructure and utilities, transportation and logistic centers, fiscal and non-fiscal incentives package for the investors.

The visit included an informative internal tour to the AFEZ site and concluded with an engaging Q&amp;A session, where both sides discussed potential cooperation opportunities.&nbsp; &nbsp;

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High-level delegation from the Ethiopian government visited the Alat Free Economic Zone

A Memorandum of Understanding (MoU) has been signed between the Alat Free Economic Zone Authority (AFEZ Authority) and Caspian New Energy (Chongqing) from China. The MoU expresses intention of Caspian New Energy (Chongqing) on establishing of a manufacturing facility in AFEZ that will engage in production of wind turbines, towers and blades, solar panels and energy storage systems, using their own funds. As per Memorandum, Caspian New Energy intends to establish solar and wind power stations within the AFEZ. It is the general intention of Parties that Caspian New Energy will supply manufactured products to wind and solar power stations within AFEZ, and subsequently to relevant power stations in Azerbaijan and surrounding countries. Parties continue negotiations on these areas.&nbsp;&nbsp;

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A Memorandum of Understanding has been signed between the Alat Free Economic Zone Authority and Caspian New Energy (Chongqing) from China

On October 16, 2024, the representatives of German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) visited the Alat Free Economic Zone (AFEZ) and met with the Chairman of the Board of Alat Free Economic Zone Authority, Mr. Valeh Alasgarov. The meeting was organised with the support of AHK Azerbaijan and IHK Koblenz. During the meeting, Mr. Alasgarov provided detailed information about main activities of the AFEZ, its strategic geographical location, unique legal framework, as well as about the industrial land plots with ready-to-use off-site and on-site infrastructure and utilities, transportation and logistic centers, fiscal and non-fiscal incentives package for the investors. The meeting concluded with an engaging Q&amp;A session, addressing key issues of interest to companies.&nbsp;&nbsp;

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The representatives of German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) visited the Alat Free Economic Zone

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 

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