Investment of 9.3 billion manats and the creation of about 47,000 new jobs are planned within the framework of projects for which investment incentive documents have been issued in Azerbaijan.
elchi reports that the First Deputy Minister of Economy, Elnur Aliyev, provided this information during his speech at the III National Competitiveness Forum.
According to him, as of September 1, a total of 633 investment incentive documents have been issued to 528 entrepreneurial entities. The duration of this mechanism has been extended until 2029.
The Deputy Minister stated that the Azerbaijan Business Development Fund allocated 223 million manats in preferential loans for the financing of approximately 4300 projects during the first eight months of the current year.
Elnur Aliyev also emphasized the importance of monitoring the implementation of projects for which investment incentive documents have been issued.
He noted that the issuance of an incentive document does not yet mean the full realization of the investment. In the next stage, the commencement of operations by enterprises, the investment of the planned capital, and the actual creation of new jobs must be monitored.