The Cabinet decision transferred 11.6 hectares of land to LLC MIDA under the State Housing Agency in the Yasamal district of Baku. The area is located along the Outer Ring Road Baku. The first social apartments in Azerbaijan will be built here. This is reported by the media.
The selected zone has 5 hectares of green area. It is planned to construct a building in which there will be about 2,000 apartments. The residential area will also have social infrastructure.
On conducting the tender procedure for the contractor there is no report.
The other day the State Housing Agency announced a poll for education workers’ requirements for social housing. ------08D
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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