BAKU, Azerbaijan, April 15. The construction of residential and non-residential complexes based on the "smart city" and "smart village" concepts will continue in Azerbaijan's Karabakh and East Zangezur economic regions, the country's Ministry of Finance told Trend.
The Ministry notes that this development will ensure that the entire region is equipped with advanced social, economic, and cultural infrastructure, and tourism infrastructure will be restored.
Moreover, the plans include the establishment of advanced infrastructure to harness the region's transit potential, the creation of "smart" business models, and the expansion of the use of efficient renewable energy sources. The application of the "green energy zone" concept is also planned. Furthermore, the establishment of a municipal service network, particularly a system for efficient waste management, is among the planned measures.
"To reintegrate the region into the country's economy, an export-oriented value chain will be established, and sustainable jobs will be created. Economic activity will focus on specialization along the value chain, particularly considering the available mineral and raw material resources. The extraction of natural resources will be incorporated into the economy through public-private partnerships. A competitive agricultural production and processing sector with advanced infrastructure will be formed. The region will become a tourist destination offering attractive, accessible, unique, high-quality, and competitively priced tourism services.
In the initial phase, alongside the restoration and construction process, private projects will be supported. Economic zones in the form of trade-service-logistics centers, modern industrial parks, and neighborhoods with advanced production infrastructure will be created. The rapid recovery and sustainable development of the economy, including competitive manufacturing and processing sectors, will be supported by modern infrastructure. Entrepreneurs will be provided with a broad range of incentives in priority sectors, including tax and customs exemptions and favorable financing tools. Mechanisms for ensuring loans and investments will also be established. As a result, the share of the liberated territories in overall production, exports, and employment will continue to increase," the report stated.
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