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Possible for any Iranian company to invest in Azerbaijan's liberated lands - ambassador

Business Materials 8 March 2022 15:13 (UTC +04:00)
Possible for any Iranian company to invest in Azerbaijan's liberated lands - ambassador

BAKU, Azerbaijan, March 8

By Elnur Baghishov – Trend:

If any Iranian company wants to invest in the liberated territories of Azerbaijan, it can apply to the relevant authorities of Azerbaijan, Azerbaijani Ambassador to Iran Ali Alizada told Trend.

Alizada noted that both the Azerbaijani side has offered and invited Iranian companies to work on the reconstruction of the liberated territories, as well as, the Iranian side is very interested in participating in the reconstruction and restoration work.

The ambassador added that a joint meeting of businessmen of the two countries is planned before the meeting of the Azerbaijan-Iran Intergovernmental Joint Economic Commission to be held in Baku.

“During the mentioned meeting, the businessmen will get acquainted with the investment opportunities created in the liberated territories of Azerbaijan. After getting acquainted with these opportunities, Iranian businessmen will share their views with us,” he said.

According to Alizada, during his visit to the Iranian cities of Tabriz and Urmia, he met with governors of East Azerbaijan and West Azerbaijan provinces, representatives of governmental and non-governmental organizations, as well as chambers of commerce, and invited Iranian companies to invest in Azerbaijan's liberated territories, to participate in reconstruction work.

The ambassador emphasized that several Iranian companies have already shown interest. They are currently studying the projects and researching the opportunities created.

"Of course, if both sides are satisfied, these projects will be implemented," he said.

“In particular, Iran Tractor Manufacturing Company (ITMCO) also knownas Tabriz Tractor Sazi Company is also interested in establishing its branch in the liberated territories,” he also pointed out.

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