President Aliyev’s regional tour marks pivot toward resilient, post-oil Azerbaijan

Azernews.Az

27 May 2025 08:30 (UTC+04:00)

Nazrin Abdul

Notably, the state-supported investment framework surrounding the facility—including substantial tax exemptions, customs duty waivers, and a 10 million AZN preferential loan from the Azerbaijan Business Development Fund—reflects a deliberate policy to attract private capital into non-oil sectors. These fiscal incentives are not merely financial; they symbolize a broader shift toward creating industrial ecosystems outside the capital, fostering local employment, and encouraging import substitution.

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