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