There will be a free economic zone in Nakhchivan – order

Baku/05.06.23/Turan: On June 5, Ilham Aliyev signed a decree on the "State program of socio-economic development of the Nakhchivan Autonomous Republic for 2023-2027". 

The program was adopted in order to ensure the sustainability of Nakhchivan's economic development, improve infrastructure and social services, increase employment and material well-being of the population. 

In particular, it is planned to create a free economic zone in the Nakhchivan Autonomous Republic. Legal entities and individuals will receive tax, customs, insurance, social and other benefits.

Also, a special customs regime (zone) will be created in Nakhchivan, providing benefits for the payment of customs duties (except for goods produced in Azerbaijan).

The state program notes that low-budget air transport companies will organize regular passenger and cargo transportation between Nakhchivan and local and foreign airports. In addition, projects for the development of transport infrastructure will be implemented.

"Thanks to the opening  the Zangezur corridor, the railway infrastructure will be reconstructed, safe, fast and sustainable transport services will be provided."

A Youth development center will be created in Nakhchivan, sports complexes will be created.

An English-speaking secondary school will be established at Nakhchivan State University, new private educational and medical institutions will start operating, and a new boarding school will be built. 

It is planned to build a gas pipeline from Turkey to Nakhchivan and lay high-voltage power lines.

In the field of tourism, it is planned to develop various types of tourism, work has been carried out to include the historical architectural monuments of Nakhchivan in the UNESCO list of tangible cultural heritage. ---0---