Nakhchivan:Jeyhun Jalilov, the Plenipotentiary Representative of the President of the Republic of Azerbaijan in the Nakhchivan Autonomous Republic, met with Sunniya Durrani-Jamal, the Asian Development Bank (ADB) country director for Azerbaijan, along with her delegation on October 13.
According to Azeri-Press news agency, the meeting praised the agreements reached as part of the peace process between Azerbaijan and Armenia, highlighting that sustainable peace and stability could lead to new transport and communication links, as well as expanded economic ties and cooperation.
Jalilov emphasized Nakhchivan’s strategic significance at the intersection of the East-West and North-South transport corridors. He elaborated on the importance of the Zangezur corridor and the TRIPP project in expanding regional transport links, which would connect Nakhchivan to other parts of Azerbaijan and enhance rail connectivity with Türkiye. He noted that a peace treaty between Azerbaijan and Armenia would facilitate these developments.
The discussion also covered Nakhchivan’s energy potential, including renewable energy projects and electricity exports to Türkiye. Additionally, they addressed agricultural development, state support for farmers, tourism potential, and the creation of new production capacities in the metallurgy sector. Plans for 10-year tax exemptions for entrepreneurs and initiatives to improve the investment climate and establish a free economic zone were also examined.
Durrani-Jamal discussed the opportunities provided by the Asian Development Bank for financing these projects, including concessional lending. She highlighted the significance of the visit and affirmed the importance of the information presented on Nakhchivan’s transport, energy, and economic potential, as well as prospects for future cooperation with ADB involvement.