On 22 September, a special event dedicated to the Alat Free Economic Zone was held in Kuala Lumpur. The event brought together high-level representatives of Malaysian government and business entities, business associations, chambers of commerce and industry, as well as companies operating across various sectors.
The event opened with remarks by H.E. Mr. Khazar Farhadov, Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Malaysia. The Ambassador provided an overview of the existing cooperation between Azerbaijan and Malaysia and the prospects for further development of economic and trade relations between the two countries, highlighting the role of the Alat Free Economic Zone and the opportunities it offers in this context.
Mr. Valeh Alasgarov, Chairman of the Board of the Alat Free Economic Zone Authority, then delivered a comprehensive presentation on AFEZ. The presentation provided detailed information on AFEZ’s strategic geographical location, unique legal framework, package of fiscal and non-fiscal incentives, ready-to-use industrial land plots with ready-to-use infrastructure and utilities, services provided through the “one-stop shop” principle, and other investment opportunities.
At the conclusion of the presentation, Mr. Alasgarov invited representatives of the Malaysian business community to take advantage of the opportunities offered by the Alat Free Economic Zone and establish export-oriented manufacturing facilities within AFEZ. He also responded to questions raised by the participants.