BakuBuild - Three industrial zones to be launched in Azerbaijan

Three industrial zones to be launched in Azerbaijan



Three industrial zones will be launched in Azerbaijan in 2018, Executive Director of Azerbaijan Investment Company Rovshan Najaf said at a press conference held on March 5.

He said that the total investment made in enterprises in the Neftchala industrial zone amounted to 45.3 million manats.

Presently, nine enterprises engaged in industry, food industry, agriculture sectors and one workshop operate in this industrial zone that will open up 500 new jobs.

Najaf added that investors in the Masalli industrial zone presented 33 projects worth 33 million manats.

At the first stage, which will be completed this year, nine enterprises will start operating here. The total volume of investments in these enterprises will be 7.1 million manats, which will open up over 200 new jobs. The enterprises will be engaged in the production of furniture, plastic, ceramic and metal products, building materials.

In the Sabirabad industrial zone, investors presented six projects. The volume of investments will amount to 43 million manats and will allow to open 850 new jobs. The enterprises will engage in the spheres of light industry, agriculture, production of building materials. It is also planned to create a logistics center, he said.

Presently, five industrial parks have been created in Azerbaijan - Sumgait Chemical Industrial Park, Balakhani, Garadagh, Mingachevir and Pirallahi industrial parks, as well as four industrial zones - Neftchala, Masalli, Hajigabul and Sabirabad.