Azerbaijan's Hajigabul Industrial District Sees Surge In Manufacturing Value
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 9. Back in 2023,
Azerbaijan's Hajigabul Industrial District produced items worth
approximately 118 million manat ($69.4 million), three times more
than in 2022 (38 million manat or $22.3 million), Trend reports.
According to the Economic Zones Development Agency of the
Ministry of Economy of Azerbaijan, the overall production value of
the industrial district has surpassed 162 million manat ($95.29
million).
Entrepreneurs have put 45.6 million manat ($26.8 million) into
the Hajigabul Industrial District.
In addition to existing projects, 119 million manat ($70
million) is planned for investment.
To be specific, 14 commercial entities with a total investment
of 164.5 million manat ($96.7 million) were registered as
residents; nine of them commenced operations, and more than 220
permanent jobs were created.
This industrial area was built to encourage the activities of
micro, small, and medium-sized industrial entrepreneurs, to assure
the long-term development of the non-oil sector, and to increase
employment in the production sector.
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