On May 7, 2026, a delegation led by the Chairman of the Islamic Development Bank Group, Muhammad Al Jasser, visited the Alat Free Economic Zone. The delegation was accompanied by Mr. Samad Bashirli, Deputy Minister of Economy of the Republic of Azerbaijan, along with other officials from the Ministry of Economy.
During the meeting held at the Alat Free Economic Zone, Mr. Valeh Alasgarov, Chairman of the Board of the Alat Free Economic Zone Authority, delivered a comprehensive presentation about the Zone.
V. Alasgarov provided detailed information to the guests about the business environment created for investors in the Alat Free Economic Zone, including the Zone’s unique legal framework, package of fiscal and non-fiscal incentives, industrial land plots with ready-to-use infrastructure and utilities, as well as its transportation and logistics advantages. He also highlighted the infrastructure developments completed in the Free Zone to date, as well as the ongoing projects being implemented within the territory. M. Al Jasser highly appreciated the work accomplished and particularly highlighted the projects being implemented. He particularly emphasized that the existence of transportation and logistics hubs, access to the seaport, highways, and railway networks, as well as the construction of an international airport, further enhance the attractiveness of the Zone. At the same time, he expressed great interest in the fact that the Alat Free Economic Zone has benefited from the experience of other successful free zones. He noted that the application of the “one-stop shop” principle in managing relations with investors, as well as the centralized management of processes from single point, further enhances the attractiveness of the Zone.
As part of the visit, the delegation and officials of the Ministry of Economy familiarized themselves with the business environment created for investors in the Alat Free Economic Zone. The guests first visited the FEZ 1 area designated for high value-added export-oriented manufacturing industries, where they familiarized themselves with the infrastructure works carried out. They later observed the construction process of the international airport being built in the FEZ 4 area.