January – June 2023

4

May

Acquaintance with the construction of Auto Leasing Azerbaijan LLC

On May 4, President of the Republic of Azerbaijan Ilham Aliyev got acquainted with the construction of Auto Leasing Azerbaijan LLC at the Aras Valley Economic Zone Industrial Park in Jabrayil district.

A joint venture between Russia and Azerbaijan, Auto Leasing Azerbaijan LLC will establish a technical service center for trucks and agricultural machinery on a 3-hectare site within the Industrial Park. Registered as the first resident of the Industrial Park and having its foundation laid on October 5, 2021, the construction of the technical service center of Auto Leasing Azerbaijan LLC is progressing successfully. With a total investment volume of 10.2 million manats, more than 5.6 million manats have already been invested in the construction of the facility. The enterprise will employ 65 people on a permanent basis once it becomes operational. The technical service center is scheduled to commence operations in 2023.