(MENAFN- AzerNews)

The scope of the project is striking. The Shamkir plant is planned to produce two million tons of hot briquetted iron annually, placing it among the most sizable metallurgical facilities in the wider region. The investment is equally substantial: around $700 million will be channeled into construction, with financing drawn partly from international banks and financial institutions. This mix of domestic ownership and external capital makes the project a textbook example of partial foreign investment

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