ON THE SECOND DAY OF THE WORKING VISIT OF THE HEAD OF THE ADMINISTRATION OF THE “DANGARA” FREE ECONOMIC ZONE TO THE REPUBLIC OF AZERBAIJAN – ACCOMPANYMENT WITH THE “ALAЕ” FREE ECONOMIC ZONE

On the second day of the working visit, the Head of the Administration of the Dangara Free Economic Zone visited the Alat Free Economic Zone. The main purpose of this visit was to get acquainted with the activities of production enterprises, technological processes, modern infrastructure and advanced production management practices in this region.

During the visit, the parties exchanged views on the possibilities of cooperation, the implementation of joint industrial projects, attracting investment and using the successful production experience of the Alat Free Economic Zone. During the meeting, in order to strengthen further cooperation and expand investment opportunities, a Memorandum of Understanding (Memorandum) was signed between the Administration of the Dangara Free Economic Zone and the Alat Free Economic Zone. This document provides a solid basis for the implementation of joint projects and strengthening economic ties.

The head of the Dangara FEZ stated that studying such modern experience is of particular importance for the development of industrial potential, attracting foreign investors and strengthening economic cooperation.

This visit creates a favorable basis for the expansion of bilateral relations and the implementation of new cooperation initiatives, and is considered an important step towards the development of beneficial economic relations.