Azerbaijan Franchising Association to hold Turan-Economic Forum in Baku

The Azerbaijan Franchising Association (AFA) plans to hold a Turan-Economic Forum in December 2023, aimed at investing in the tourism sector, stated the Chairman of the Board of the association Jamid Movsumov, according to Azerbaijan in Focus, reporting Trend.

According to him, it is expected that more than 500 companies from more than 100 countries will take part in the forum, including, in particular, Saudi Arabia, Kuwait, Japan, and Russia.

“We also expect investment agreements to be concluded at this forum,” he said.

Movsumov highlighted that this year the forum will be held in Baku, and in subsequent years – in Türkiye, Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan, and Hungary.

The association plans to open a “Rayess” chocolate factory in Azerbaijan by the end of August. At the first stage, it is planned to invest $1 million in the project, at the second – another $10 million.