Azerbaijan urges Korean firms to invest in Alat FEZ
Azerbaijan commended Korean manufacturing companies to its Alat Free Economic Zone investment hub at a networking event held Wednesday at Ambassador Pullman Seoul.
Speaking at "Alat Free Economic Zone: Unlocking potential for Korean manufacturing companies," Azerbaijani Ambassador to Korea Ramin Hasanov recommended AFEZ as a gateway for Korean investors seeking access to the wider Caucasus and Central Asian markets.
Hasanov highlighted AFEZ's strategic location near major production and export hubs such as Baku International Sea Trade Port, and plans for a fully green airport to be completed by 2026.
'Korean investors are welcome to explore a myriad of commercial advantages provided by Alat Free Economic Zone,' he underlined.
Azerbaijan is expanding specialized industrial sites, such as agri-parks, techno-parks and industrial districts, to attract foreign investment, while leveraging the strategic value of regional connectivity projects, particularly the Trans-Caspian East-West Middle Corridor, which links Turkey to Central Asia and China via the Caucasus and Caspian Sea, according to Hasanov.
'We invite Korean transit operators, freight-forwarding and logistics companies to benefit from the economic advantages provided by the Middle Corridor," said Hasanov.
According to Hasanov, Azerbaijan is developing new cities and towns from the ground up using green technologies, modern urban planning and intelligent systems, while promoting smart city, smart village and smart farm concepts.
'Our goal is to transform these areas into net-zero emission zones by 2050.'
'Korea is one of the few countries worldwide that has been invited at the highest level to participate in the restoration and reconstruction works conducted in our liberated territories,' he noted, inviting Korean investors to the Garabagh and East Zangazur economic regions.
sanjaykumar@heraldcorp.com
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