Head of Russia's Tatarstan visits Alat Free Economic Zone in Azerbaijan

During a working visit to Azerbaijan, Head of Russia's Tatarstan Rustam Minnikhanov visited the Alat Free Economic Zone (FEZ), Report informs.

He was familiarized with the key advantages of the zone - the provision of industrial land plots to FEZ clients with ready infrastructure and utilities, as well as all types of transport and logistics services. It was also noted that investors are exempt from value-added tax, income tax, customs duties, etc.

The first phase of the Free Economic Zone construction was completed in 2023. On the territory of 60 hectares, almost all land plots have been distributed among investors. Currently, construction of two new sites is simultaneously underway, which will house light and heavy industry facilities. Minnikhanov was informed about the international cargo airport construction project, which is planned to launch in two years.

A logistics center has already been created on the territory with an annual capacity of 500,000 tons of cargo transported by highways.

Minnikhanov handed over three "Sollers Atlant" buses, manufactured at the SOLLERS Alabuga plant in the Alabuga SEZ, for the needs of Azerbaijan's liberated territories.