Azerbaijan Unveils Ambitious Investment Plans For Liberated Territories
Date
6/29/2024 10:51:16 PM
(MENAFN- AzerNews)
Ulviyya Shahin
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Azerbaijan has put forward a range of pioneering investment
initiatives for its recently liberated territories, aiming to
revitalise regions that have endured prolonged occupation,
Azernews reports.
Among these ventures is a leading project to establish a modern
facility producing decorative porcelain kitchenware. This
state-of-the-art plant, estimated at 25 million manats (around
$14.7 million), is projected to manufacture an impressive 18
million units annually.
Another significant proposal involves the construction of a
sanitary ware manufacturing facility with an investment of 20
million manats ($11.8 million). This initiative addresses a
critical shortfall in Azerbaijan's domestic market, where currently
all sanitary ware is imported. In 2022 alone, imports totaled $20
million.
Additionally, there is a proposal for setting up a production
facility for personal hygiene products. This project, located in
the Aghdam Industrial Park, aims to utilize local raw materials to
meet domestic demand. It is anticipated that local production will
cover the demand for kaolin (kaolinite) clay, limestone, quartz
sand, and red clay, while imports will be necessary for feldspar,
dyes, and other substances. The estimated cost of this project is
17 million manats.
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