(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 28. A total of 108
residents of economic zones have been registered in Azerbaijan, and
60 of them started their activities, the head of department of the
Azerbaijani Agency for the Development of Economic Zones Emil
Hajiyev said during an event on 'Modern methods and technological
development of industry: Industrial zones and agricultural parks',
reports.
According to Hajiyev, several more residents of economic zones
are expected to start operating this year.
'In the first half of 2022, they manufactured products worth
$768 million and exported $320 million. Totally, over the entire
past period, the residents exported products worth more than $1.5
billion. Besides, nearly 15 percent of manufactured non-oil
products falls on economic zones, and their share in total exports
is about 35 percent,' he noted.
He also noted that two economic zones - the Aghdam Industrial
Park and the Araz Valley Economic Zone were created in Azerbaijan's
Karabakh region.
'As to date, they have been completely cleared of mines, and the
appropriate infrastructure has been created. Construction of two
110/35 kV transformers and about 20 less power is expected.
Totally, nine residents and two non-residents have been registered
in the Aghdam Industrial Park. One resident and one non-resident
have been registered in the Araz Valley Economic Zone so far,' the
agency's representative further said.
According to him, the geographical location of the mentioned
economic zone allows turning Karabakh into a logistics center.
'Residents of economic zones can benefit preferential loans.
They are issued at a five percent annual rate in the amount of five
million manat ($2.9 million) to 10 million manat ($5.8 million) for
up to 10 years,' added Hajiyev.
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