EBRD ready to invest in Alat free trade zone

Azerbaijani President Ilham Aliyev has received the  President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, in Baku.
 
Pointing to EBRD`s investment in the private sector, President Ilham Aliyev hailed it as a proper assessment of the situation in this sector, and said these investments created additional financial opportunities for the development of the private sector, APA reports.
 
Saying the private sector accounted for 70% of the total volume of investment EBRD made in Azerbaijan's economy,  Chakrabarti noted that 8 out of 9 projects they funded was implemented in the non-oil sector.

EBRD will also consider an opportunity of investing in a free trade zone that is being established on the territory of the Baku International Sea Trade Port in Alat.