BAKU, Azerbaijan, November 4. The Karabakh Revival Fund plans to begin construction in 2027 on facilities to be leased to entrepreneurs in Aghdam, Jabrail, and Fuzuli, the Chairman of the Board of the Karabakh Revival Fund, Rahman Hajiyev told Trend on the sidelines of the AIREX 2026 international real estate and investment exhibition in Baku.
According to him, the project is being implemented at the direction of the country’s leadership in collaboration with Azerbaijan’s Ministry of Economy. Special spaces for entrepreneurs are planned for the Aghdam Industrial Park, the “Araz Valley” Industrial Park in Jabrayil, and the city of Fuzuli.
“These are physical buildings that will subsequently be leased to entrepreneurs on special terms with the participation of the Economic Zones Development Agency and at the request of the Karabakh Revival Fund.
Meetings with project development companies are currently underway. Once the relevant expert evaluations have been completed and the tender procedures have been finalized, the implementation of the projects will begin.
Preliminary estimates do not yet allow us to specify the exact cost of the projects, but we are talking about several million manats per facility.
We plan to begin the design phase this year. We hope to complete this stage next year and begin construction," he added.
The Karabakh Revival Fund is a public legal entity whose activities are aimed at providing financial support for the restoration and reconstruction of Azerbaijan’s territories liberated from occupation, transforming them into a region with a sustainable economy and a high standard of living.
The Fund’s objectives also include attracting investment, promoting the development of public-private partnerships in this sphere, as well as providing information, conducting educational activities, and organizing necessary informational events both within the country and abroad related to the ongoing work.
