Valeh Alasgarov: 138 hectares in Alat Free Economic Zone to be given to investors soon

In the near future, 138 hectares of land in Azerbaijan’s Alat Free Economic Zone (AFEZ) will be allocated to investors, according to Valeh Alasgarov, Chairman of the Board of the authorized body of Alat Free Economic Zone, Report informs.

Speaking at the Azerbaijan-China Economic and Trade Cooperation Conference, Alasgarov stated that due to its many advantages, the Alat Free Economic Zone is considered the most attractive free economic zone in the region:

"This is already confirmed by our existing experience. For future investors, I would like to note that we are fully ready to hand over 60 hectares of land for the first phase. In the near future, an additional 138 hectares of land will also be offered to investors."

He added that approximately a year and a half later, another 364 hectares of land will be put into use:

"Overall, the area of the free economic zone is at least 6,500 hectares. This means that we have the ability to provide any company with land of any volume and size."