Nakhchivan:Jeyhun Jalilov, the Plenipotentiary Representative of the President of the Republic of Azerbaijan in the Nakhchivan Autonomous Republic, welcomed a delegation from the Asian Development Bank (ADB) led by Sunniya Durrani-Jamal, the country director for Azerbaijan, on October 13.
According to Azerbaijan State News Agency, the meeting highlighted the agreements reached in the peace process between Azerbaijan and Armenia, emphasizing the potential for sustainable peace and stability to pave the way for new transport and communication links, expanded economic ties, and enhanced cooperation. Jalilov underscored the strategic significance of Nakhchivan, situated at the crossroads of the East-West and North-South transport corridors, and the importance of the Zangezur corridor and the TRIPP project in enhancing regional connectivity.
Discussions also covered Nakhchivan’s energy potential, particularly in renewable energy, and the prospects for exporting electricity to Türkiye and broader markets. The meeting addressed agricultural development, state support for farmers, tourism potential, and the creation of new production capacities, especially in metallurgy. Considerations included the implementation of 10-year tax exemptions for entrepreneurs and transforming the region into a free economic zone.
Durrani-Jamal highlighted the Asian Development Bank’s role in financing proposed projects, including concessional lending opportunities. The discussions underscored the significance of ADB’s involvement in Nakhchivan’s transport, energy, and economic projects and explored prospects for future cooperation.