The recent liberation of the Garabagh region in Azerbaijan has sparked a surge in investment opportunities, as highlighted by Orkhan Mammadov, Chairman of the Small and Medium Business Development Agency (SMBDA), who is currently in Washington discussing Azerbaijan-US relations. Mammadov reported that approximately 2,300 project proposals have been registered, with around 500 coming from foreign investors, indicating a robust interest in the region's economic potential [4bc14be6].
In addition to the influx of project proposals, the establishment of industrial parks aims to bolster the local economy. The Azerbaijani government is offering tax incentives, including 10-year exemptions from various taxes, to create a business-friendly environment that is expected to stimulate economic growth and increase employment opportunities in the region [4bc14be6].
On the ground, a US traveler, Vijayalakshmi Parthasarthy, recently visited the Fuzuli district in the liberated territories and observed significant development, including the construction of new buildings and facilities. However, she emphasized the serious issue of landmines in the area, calling for international cooperation to address this challenge [0a2c23c4].
Moreover, over the past four years, more than 360 international travelers from nearly 50 countries have visited Karabakh and Eastern Zangezur, reflecting a growing interest in exploring the liberated territories. A recent trip organized by the travel club MTP, led by founder Charles Veley, further underscores this trend [0a2c23c4].