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Communications Ministry Submits Proposals on establishment of Regional Innovation Zones to Azerbaijani President

ICT Materials 18 May 2007 11:25 (UTC +04:00)

Azerbaijan, Baku / Trend S.Babayeva / Ai Abbasov, the Azerbaijani Minister for Communications

An American consulting company, Booz Allen Hamilton had developed the initial proposals, which included in particular, changes in the tax and customs legislation. This was a necessary step in which to attract foreign investors to the project.

The regional innovation zone project envisages the installation of techno parks to develop small-scale and medium-sized innovation entrepreneurship, the establishment of a regional base on production and export of electronic equipment and software in which to transform the country into an advantageous transit information centre (Data Centre).

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