Minister discloses investments made in industrial parks, sites in Azerbaijan
By Trend
The investment value of the projects that have already been implemented and are being implemented on the territory of industrial parks and sites in Azerbaijan is estimated at five billion manats, Trend reports referring to Azerbaijani Economy Minister Shahin Mustafayev.
Mustafayev made the remarks at the 5th congress of the National Confederation of Entrepreneurs (Employers’) Organizations in Baku on Dec. 19.
Five industrial parks (Sumgait Chemical Industrial Park, Garadagh Industrial Park, Balakhani Industrial Park, Mingachevir Industrial Park and Pirallahi Industrial Park) and four industrial sites (Neftchala, Hajigabul, Masalli and Sabirabad) have been created in Azerbaijan.
Presently, the number of residents of industrial parks and sites reaches 70, the minister said, stressing the importance of creating industrial parks and sites for the development of entrepreneurship in the country.
Mustafayev added that one of the main directions of the president’s policy is to develop the economy by creating favorable conditions for the activity of entrepreneurship.
"Azerbaijan supports the development of entrepreneurship,” he said. “The moratorium on inspections of entrepreneurial activity in Azerbaijan testifies to that. The share of the private sector in Azerbaijan’s GDP is 84 percent, while in the sphere of employment - more than 76 percent thanks to the taken measures."
Stressing the importance of creating the Azerbaijani Agency for Development of Small and Medium-Sized Enterprises, Mustafayev said that this would give impetus to the development of entrepreneurship in the country.
The minister stressed that during two years, entrepreneurs in Azerbaijan received 330 documents encouraging investments worth 2.8 billion manats.
“Forty-five agricultural parks are planned to be created in 30 regions of the country,” he said. "Eighteen of them are already operating, the rest will begin to operate in 2019-2020.”
“The total investments made in the creation of agricultural parks are estimated at 1.5 billion manats,” Mustafayev said.