Diversification in action: State-backed hubs fuel Azerbaijan’s economic growth

Azernews.Az

17 August 2025 20:15 (UTC+04:00)

Akbar Novruz

The Masalli Industrial District, managed by the Economic Zones Development Agency, recently granted residency status to nine enterprises, representing a combined investment of over 14.7 million manats ($8.67 million). Six of these businesses are already operational, with initial investments of 2.12 million manats ($1.25 million) creating more than 70 permanent jobs. Looking ahead, an additional 12.6 million manats ($7.43 million) is planned for expansion, which is expected to generate over...

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