Number of residents of industrial zones to be increased
By Sara Israfilbayova
The number of residents of industrial zones is being expanded in Azerbaijan.
The country’s Economy Minister Shahin Mustafayev said during an expanded meeting of the Board of the Ministry that currently, the Neftchala Industrial Zone, which is the first industrial zone in the country, has nine members, and more than 45 million manats ($26.47 million) of investments have been invested in the enterprises created here so far.
“In this industrial zone, 225 people are still working, and after the start of the residents’ activities, the number of employees will be increased to 500 people. This year, the enterprise for processing and canning of fish of another resident of the city, “Azproduct” LLC Company, will start operating,” said Economy Minister Shahin Mustafayev.
He noted that the construction works in the Masalli Industrial Zone have already been fully completed. Entrepreneurs show great interest in the industrial zone, and they have presented 33 projects worth more than 33 million manats ($19.41 million).
“Two entrepreneurs have already been registered as members of the industrial district, and currently other projects are being analyzed. In general, 9 projects worth 7.1 million manats ($4.18 million) will be implemented in the first stage in the Masalli Industrial Zone,” the minister added.
Mustafayev also informed about the progress of construction works carried out in Hajigabul Industrial Zone, which will be completed in 2018.
“Today, we have received requests to establish heavy engineering and special railcar building factories, and enterprises manufacturing composite materials, equipment for production of construction materials, automotive component parts and plastic products in the industrial district. The proposals were examined, and the decision was adopted on admission to membership of Hajigabul Industrial Park LLC of the “ATEF Industrial Complex” and “Plassttech” LLC Company,” said the minister.
He stressed that construction work in Sabirabad Industrial Zone is also planned to be completed this year. “We have already received requests to create terminals for re-processing of used wheels in the industrial district, for the production of bio-fertilizers (organic), and for the procurement of wool.”
Besides, there are five industrial parks (the Sumgait Chemical Industrial Park, industrial parks in Garadagh, Balakhany, Mingachevir and Pirallahi settlements).
A number of agricultural and high technology parks also operate in Azerbaijan.
Establishment of these parks and zones in the country will help expand the export potential, create import substitutive goods and increase employment.
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Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is
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