The Astrakhan Business Center will open in Baku in May-June 2020, the governor of the Russian region Igor Babushkin said last week during a working visit to Azerbaijan, according to Izvestia.
The business center will seek to establish direct contacts between representatives of the Azerbaijani and Russian business communities, the authorities said.
Development of trade and economic relations and transport links, expansion of contacts in the field of tourism, education, and culture were on the agenda of Babushkin’s visit to the Caucasus country, local media reported.
Babushkin examined the progress of construction work at the Astrakhan Business Center. The 7-story building will house business offices and a residential block. The complex will work in cooperation with the Azerbaijan business center, opened in the Astrakhan region in 2018.
The main objective of the project is to stimulate business activity between the parties and let the international business reach a new level.
Babushkin spoke about this and other pressing issues of bilateral cooperation at a meeting with representatives of the executive power of Baku’s Narimanov District.
“In May-June, we will be able to open the center. This is a fairly effective tool in building good neighborly relations and to develop the potential that has already been gained,” Babushkin emphasized.
The Azerbaijani Business Center was opened in Astrakhan in May 2018. The center occupies a total area of 5,000 square meters and houses an exhibition hall, office space, a conference room, and a mini-hotel. The funding in the amount of 208 million rubles ($3.3 million) for the construction of the center was provided by the Heydar Aliyev Foundation, founded as the legacy of the late Azerbaijani president accused of numerous human rights violations during his long reign.