Opportunities for new investment projects discussed in Nakhchivan
Nakhchivan, October 9, AZERTAC
Kazim Huseynaliyev, Minister of Economy of the Nakhchivan Autonomous Republic, met with Sergey Kostrov, General Director of Russia's Volzhsky Abrasive Works JSC, Nigar Asgerova, Founder and Director of Zenith Group LLC, and representatives of both companies.
The meeting included presentations on the activities and ongoing projects of Volzhsky Abrasive Works JSC and Zenith Group LLC. The sides discussed the potential for launching a new investment project in the Autonomous Republic, as well as prospects for cooperation in the industrial sector.
Minister Kazim Huseynaliyev emphasized that expanding industrial production in Nakhchivan, attracting new investment, and establishing export-oriented enterprises are among the key priorities.
He noted that the favorable business environment created for investors in the Autonomous Republic, along with incentives and state support mechanisms, helps facilitate new projects. In this regard, the minister highlighted the importance of the Nakhchivan Industrial Park, whose foundation stone was laid by President Ilham Aliyev on August 11.
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