Dubai consultants to help establish free-economic zone in Azerbaijan

Business Materials 8 June 2006 21:11 (UTC +04:00)

The Azerbaijani Economic Development ministry is planning to hold the presentation of the conception of establishing industrial cities in Azerbaijan, drawn up by the ministry department of entrepreneurship development. At first, the conception will be submitted to the state head, the Azerbaijani economic development minister Heydar Babayev informed today, Trend reports.

The free-economic zone is planned to be created on base of Dubai experience. The Dubai experience is available and in order to receive that experience, we are going to sign a contract with Dubai company which provided consultation before the creation of free-economic zone Jabal- Ali, said minister. The company estimates the cost of such a city in Azerbaijan.

In accordance with the conception, it is planned to establish a big port with the business participation of the State Investment Company.