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Dagestani Head meets with Minister of Economic Development of Azerbaijan

13 May 2016 17:16 Posted in:  POLITICS
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Baku, May 13, 2016. Today, the Head of Dagestan Ramazan Abdulatipov met with the Minister of Economic Development of Azerbaijan Shahin Mustafayev and the representatives of business circles of the country in the business center at the Ministry of Economic Development of Azerbaijan, the press release runs.

At the beginning of the meeting, it was noted that cooperation with Russia was one of the priorities of the foreign policy of the Azerbaijan Republic. "Dagestan is one of regions of the Russian Federation which signed an agreement on trade-economic, scientific-technical and trade cooperation with Azerbaijan. Besides, we are grateful to the leadership of Dagestan for the prompt response and assistance in eliminating the problems that arose at the railway station Derbent in connection with the transportation of Azerbaijani agricultural products"- Mustafayev said.

For his part, Ramazan Abdulatipov reminded that the Russian Federation President Vladimir Putin spoke about the need to strengthen inter-regional ties at the meeting with the national leader of Azerbaijan people Heydar Aliyev. Therefore, we should push forward the initiative to improve bilateral economic relations" - Dagestan Head proposed.

Abdulatipov told about many favorable opportunities for joint investment ventures in Dagestan. "Dagestan successfully implements projects in the agro-industrial and housing service sectors. For instance, a small satellite modern town between Kaspiysk and Makhachkala designed for 20 thousand residents will be constructed with the entire necessary infrastructure. So, we need modern hotels, restaurants and recreation areas" - Abdulatipov expressed confidence.  

Within the framework of the event, Dagestan officials made a presentation of the investment and tourism potential of the republic.

As to the head of the Agency for Entrepreneurship and Investment RD Bashir Magomedov, one of the major projects implemented in the republic with the involvement of the Azerbaijani investors is the establishment of the trade and logistics center between Makhachkala and Kaspiysk with the total area of 30 hectares (initiator - LLC "Agesta").

"We started to actively cooperate with Azerbaijani investors in all areas. Another example is the construction of the cement plant by the LLC "Dagestan cement plant" with an output of 1.8 million tons of cement per year. The total cost of the project is 15,112.0 million rubles" - Magomedov said .

The republican minister for tourism and folk crafts RD Magomed Isayev spoke about the tourism potential of the region. Nowadays, due to the growth in domestic tourist flow to Dagestan there appeared a need to create modern technical infrastructure and facilities for the industry. Therefore, Azerbaijani investors were invited to participate in the construction of tourist and recreational and therapeutic complexes, hotels and motels on the coast of the Caspian Sea within the framework of investment projects developed and ready for implementation on the investment sites.
The discussion resulted in signing of an agreement between the Agency for Entrepreneurship and Investment of Dagestan and Caspian Investment Group (Azerbaijan).


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