On 12 March 2026, the Alat Free Economic Zone Authority (AFEZ
Authority), with the support of the Embassy of the Republic of
Azerbaijan in the People’s Republic of China and in cooperation
with the China Overseas Development Association (CODA) successfully
held event dedicated to the Alat Free Economic Zone in Beijing,
China.
The event brought together more than 200 participants, including
executives and representatives of CODA member enterprises, as well
as leading Chinese manufacturing companies actively engaged in
overseas investment and industrial cooperation, to discuss the
investment opportunities available within AFEZ.
The event commenced with opening remarks by H.E. Mr. Bunyad
Huseynov, Ambassador Extraordinary and Plenipotentiary of the
Republic of Azerbaijan to the People’s Republic of China. In his
address, the Ambassador emphasized the importance of strengthening
bilateral economic relations and investment cooperation between the
two countries, while also highlighting the investment opportunities
available in Azerbaijan.
Subsequently, Mr. He Zhenwei, Chairman of CODA, underscored the
strategic importance of the Alat Free Economic Zone as an
investment gateway enabling Chinese manufacturing companies to
access broader regional and international markets, and expressed
his appreciation for the opportunity to further deepen engagement
and strengthen cooperation with the AFEZ Authority. Mr. Zhenwei
also informed that a delegation composed of representatives of
companies interested in establishing manufacturing facilities in
AFEZ is expected to visit Azerbaijan in the near future.
Following these remarks, Mr. Valeh Alasgarov, Chairman of the
Board of AFEZ Authority, delivered a comprehensive presentation
about AFEZ. He highlighted the unique regulatory framework,
industrial land plots with ready to use off-site and on-site
infrastructure and utilities, and strategic advantages of AFEZ. He
elaborated on the Zone’s attractive fiscal and non-fiscal
incentives, including exemptions from taxes and customs duties,
simplified customs procedures. He also highlighted AFEZ’s strategic
geographic location as a key manufacturing and investment hub
connecting regional and global markets. Following the presentation,
an interactive Question and Answer session was held, allowing
representatives of Chinese enterprises to explore specific
investment opportunities. The delegation expressed strong
appreciation for AFEZ’s business-friendly environment and
large-scale manufacturing potential.
Additionally, Mr. Xiaolei Wang, International cooperation center
director of Sichuan Sunsync Photovoltaic Technology Co., Ltd., as
well as the director of SolarSync AFEZCO, emphasized the support
and facilitation provided by AFEZ Authority and the government of
Azerbaijan for foreign investors. As the first Chinese company
officially registered in AFEZ, Sunsync is set to introduce its
advanced technologies and innovative expertise to Azerbaijan
through the establishment of a 23-hectare solar panel manufacturing
complex within the Zone.
A key highlight of the event was the signing ceremony of a
Memorandum of Understanding between AFEZ Authority and CODA. The
MoU formalized the commitment of both parties to promote
cooperation, facilitate information exchange, and support Chinese
enterprises interested in investing in the Alat Free Economic
Zone.
The program concluded with B2B networking sessions, during which
representatives of Chinese companies held one-on-one meetings with
AFEZ Authority officials to discuss potential projects and
collaboration opportunities.
The event marked an important step in strengthening bilateral
economic ties and promoting export-oriented manufacturing
investment in the Alat Free Economic Zone.
Within the framework of the business trip, the delegation of the
AFEZ Authority also held a series of meetings with Chinese
investors interested in establishing production facilities within
the Alat Free Economic Zone.
