Azerbaijan establishes legal entity of public law to facilitate East Zangazur's revival

CHRONICLE  26 May 2023 - 16:44

President of Azerbaijan Ilham Aliyev signed on May 26 a decree on the establishment and operation of a legal entity of public law "Restoration, construction and management service No. 2 in the East Zangazur economic region."

The structure, according to the president's press service, is tasked with implementing activities to organize the construction of multi-apartment buildings and individual residential buildings in connection with the return of the population to the Lachin and Kalbajar regions, the management of multi-apartment buildings, and rendering services for improving, landscaping, and housing, as well as communal services in the relevant territory.

Aliyev also signed a decree approving the composition of the Supervisory Board of the new structure.

According to the document, Masim Mammadov, special representative of the president in the Lachin region, which is part of the East Zangazur economic region, has been appointed chairman of the Supervisory Board.

The East Zangazur Economic Region was established upon a presidential decree in July 2021.

The region includes Zangilan, Gubadli, Jabrayil, Lachin, and Kalbajar districts that were liberated from Armenian occupation in 2020.

According to the decree, the creation of the new region is aimed at the efficient use of the economic potential, natural resources, and wide tourism opportunities of the mentioned districts.

In October 2021, President Aliyev signed another decree on the establishment of the "Araz Valley Economic Zone" Industrial Park in Jabrayil. The park is the first-of-a-kind infrastructure project in East Zangazur.

The "Araz Valley Economic Zone" Industrial Park should have the necessary infrastructure and management institutions for the implementation of entrepreneurial activities, the organization of logistics operations, and the production, processing (recycling), and sale of competitive products in the industrial field.

Caliber.Az