Ilham Aliyev: Azerbaijan is a favorable place to invest (UPDATE)

Politics Materials 27 February 2018 17:23 (UTC +04:00)
Azerbaijan is a favorable place for putting investments.

Details added (first version posted on 16:07)

Baku, Azerbaijan, Feb. 27


Azerbaijan is a favorable place to put investments, said President Ilham Aliyev.

He made the remarks at a meeting with the plant’s employees and representatives of local public after attending the opening of two yarn production plants owned by Mingachevir Tekstil LLC in the Mingachevir Industrial Park.

“Today is a significant day in the life of Mingachevir city," said the head of state. "Today we celebrate the opening of Mingachevir Industrial Park. I heartily congratulate you on this wonderful occasion and wish you success.”

“I remember that we laid the foundation of Mingachevir Industrial Park here in September 2016. At that time, there was nothing in this area. It was an empty area. I remember that a presentation was made then and it was shown that several yarn production plants and other plants will be built here in the near future. Of course, this is a very big project. This project will significantly strengthen the industrial potential of both Mingachevir and Azerbaijan in general,” noted the president.

“I am glad that all the promises made have been fulfilled. Currently, the first two plants of the Mingachevir Industrial Park are opening. This is a great example of public-private sector partnership, because the state does its best for the development of the private sector, entrepreneurs are given preferential loans, methodological recommendations, and great work is being carried out to create workplaces,” said President Aliyev.

Furthermore, the state creates opportunities for the private sector by creating industrial parks, he noted.