Residents Plan To Invest Over $29.4M In Aghdam Industrial Park
(MENAFN- AzerNews)
By Ayya Lmahamad
Residents are planning to invest more than AZN50 million
($29.4m) in Aghdam Industrial Park, Azerbaijani Economy Minister
Mikayil Jabbarov said, Azernews reports.
He noted that the industrial park, with an area of 190 ha
currently has nine residents. The minister stated that the
residents' investments will enable the creation of more than 1,000
permanent jobs.
'#AgdamIndustrialPark with an area of 190 ha currently has 9
residents, which are expected to invest more than 50 million
manats. This will enable the creation of more than 1,000 permanent
jobs. Preparations for the implementation of projects are already
underway in the areas reserved for residents of the Industrial
Park, and construction is planned to begin in August,' Jabbarov
wrote on his official Twitter page.
Azerbaijan has five industrial zones, with the primary goal of
ensuring the long-term development of the non-oil sector, creating
and expanding new production areas in the country through the use
of innovative technologies, and expanding the export map of these
products.
The establishment of industrial parks is one of the areas with
high potential for innovative economic development. In Azerbaijan's
liberated territories, decrees were signed to establish the Aghdam
Industrial Park (May 28, 2021) and the Araz Valley Economic Zone
(October 4, 2021).
The creation of the Industrial Park is underway under the
general plan in Aghdam. It will be divided into social and
technical zones and will have the food, light industry, services
sectors, and big industrial enterprises. The bases for the sale of
building materials and a park for vehicles will be created in the
Industry Park. It is planned to open enterprises producing building
materials, meat and dairy factories, establish a wine and feed
production, produce and process fertilizers, organize the packing
of agricultural products, and produce canned fruits and
vegetables.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
@AzerNewsAz
- Tags:
- Azerbaijan
- Mikayil Jabbarov
- Aghdam Industrial Park
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