International co-operation
The State Housing Development Agency, under the President of the Republic of Azerbaijan, organizes its work which is aimed at improving the housing situation of the country’s population, taking into consideration the contemporary global trends and leading world practices. Many countries in the world have a considerable expertise in meeting the requirements of their populations by improving housing conditions and building low cost apartments. The Agency has recently analyzed the relevant expertise of Germany, Singapore, Turkey, Russia, Brazil, Mexico, Morocco and many other countries, and developed relationships for bilateral cooperation and the exchange of expertise with several foreign partners.
At the same time, work has commenced in order to review the possibility of cooperation with international organizations to organize effectively the activities of the Agency, as well as to study and apply contemporary standards used in the building of apartment complexes. To make this system sustainable in Azerbaijan, work has begun to build bilateral ties with several international financial institutions and large financial companies to study the mechanisms for financing the construction of low costs apartment complexes, as well as countering the economic risks.
Closely reviewing international practice, together with building and expanding cooperation with relevant foreign organizations and investors, constitutes the main priorities of the Agency.
