BAKU, Azerbaijan, November 18. The Russian-Azerbaijani Auto Leasing Azerbaijan LLC enterprise with investments from the Russian KAMAZ [Kama Automobile Plant] PJSC plans to start operations at the beginning of 2023, Board Chairman of Azerbaijan’s Economic Zones Development Agency Elshad Nuriyev told Trend on November 18.
According to Nuriyev, to date, Auto Leasing Azerbaijan, a resident of the Araz Valley Economic Zone industrial park in Jabrayil, is completing the construction of the enterprise and is preparing to commission it.
The launch of Auto Leasing Azerbaijan will contribute to solving the transport problems of Azerbaijani enterprises and entrepreneurs, and is also aimed at financing customers in the country through the joint leasing company.
Earlier KAMAZ Leasing Azerbaijan OJSC sold its share in the authorized capital of Auto Leasing Azerbaijan LLC. The OJSC’s share in the total authorized capital was 50 percent. After the sale of the share of KAMAZ Leasing Azerbaijan, Rofel Gurbanov was dismissed from the post of the company’s head, and replaced with Fakhri Hasanov.