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  • 05-04-21

    Turkey says Nagorno-Karabakh region set to be totally reformed

    (MENAFN)An investment bank CEO stated that following a 30-year occupation, the Nagorno-Karabakh region is set to be totally reformed, from infrastructure to roads and hospitals, and Turkish contractors will play a key role in this.

    Cenk Eynehan, the CEO of Istanbul-based PASHA Bank, whose parent company is located in the Azerbaijani capital Baku stated that Azerbaijan wants to work with Turkish contractors, recognized for their experience in construction in the region.

    He further declared that more than 1.5 million Azerbaijanis will be back to the region as it follows projects in infrastructure, road, agriculture, energy, education, and health.

    Azerbaijan until now owed a budget of 2.2 billion Azerbaijani manats (USD1.3 billion) for the projects, and the budget is estimated to increase by tens of billions of dollars in the next years, he added.

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