BAKU, Azerbaijan, Feb.7
By Leman Zeynalova – Trend:
Industrial potential of Azerbaijan’s liberated territories will contribute value to the country's economy in the next years, Trend reports with reference to the PwC Doing Business and Investing in Azerbaijan Guide.
“For many years, the invasion of 20 percent of Azerbaijan`s territories did not allow us to use the economic potential of our lands. In 2020, As a result of the Patriotic War, the liberation of the territories occupied for almost 30 years paved a way for the development of the economy of Azerbaijan and created favorable conditions,” PwC analysts note.
The report says that the industrial potential of the liberated territories is high.
“Rich water supply, electricity, rich minerals, and industrial recreation opportunities form the basis of the industrial potential of the liberated territories. These factors show that the industrial potential of the liberated territories will contribute value to the country's economy in the next years. According to the provisions of the November 10 statement ending the conflict, the restoration of the corridor connecting the Nakhchivan Autonomous Republic with other regions of Azerbaijan will also create new opportunities for Azerbaijan and other countries in the region, including regional transport projects. In addition, the 45-kilometer-long Barda-Agdam railway reconstructing again,” said the firm.
The report says that currently, as a result the Patriotic War Azerbaijan started to plan the further development of agriculture in the liberated territories.
“The liberation of our territories will have a positive impact on agricultural development. The country`s crop field will increase and hundreds of thousands of hectares will be irrigated as a result of the liberation of strategically important reservoirs. Our liberated territories have great potential in terms of viticulture, grain, cotton, and cattle breeding. With the expansion of the agro-processing industry and proper use of these potentials, sustainable development of agriculture will be ensured. Azerbaijan became the strong industrial center of the region in the last years and this is proved with the indicators that show the achievements in the field of industry,” said PwC.
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