BAKU, Azerbaijan, Feb. 17
By Farid Zohrabov - Trend:
Businesses are showing great interest in Azerbaijan’s Aghdam Industrial Park being created to develop the industrial potential of the territories liberated from Armenian occupation [in the 2020 Second Karabakh War], Trend reports.
The following five business entities have already been registered as the park residents.
Dadash-N LLC, which will manufacture a variety of synthetic carpets as part of a project to be implemented in the Industrial Park, will build a factory on an area of two hectares. Within the project with the investment cost of 9.5 million manat ($5.6 million) it’s planned to manufacture 700,000 square meters of carpets a year and provide 60 persons with permanent job.
Local raw materials such as polypropylene, polyethylene and polyacryl, as well as Belgian and Chinese technologies will be used to produce the carpets. Along with the sale of manufactured products on the domestic market, it’s planned to export them to CIS countries.
Another resident of the Industrial Park - Veliyev LLC will implement a project for the manufacturing of precast concrete products. Within the project worth 2.5 million manat ($1.4 million), it’s planned to manufacture 200,000 square meters of reinforced concrete products per year. The enterprise will provide permanent jobs for 80 people, and use Turkish and local technologies for the production.
Smartpoint LLC will organize the production of light poles and other devices powered by alternative and renewable energy sources (mainly solar energy) as part of another project to be implemented in the park. The investment cost of the project is 9.1 million manat ($5.6 million).
The enterprise to be built on an area of 1.3 hectares will create 80 permanent jobs and produce 21,000 light poles and other devices with a capacity of 40 megawatts per year. Along with the provision of the domestic market, it’s planned to export the manufactured products to European and CIS countries.
Ram International Transport and Trade LLC will manufacture polymer products as part of a project with the investment cost of 10 million manat ($5.8 million), to be implemented in the park. The enterprise will be built on three hectares and create 500 permanent jobs. Along with provision of the domestic market, the manufactured products are planned to be exported to the countries of Europe and the CIS.
"Ag Tekstil" LLC will implement a project for the production of uniforms and overalls. The investment cost of the project is 5.5 million manat ($3.2 million). The enterprise, which will be built on one hectare, envisages creation of 110 permanent jobs. The manufactured products will be directed to meet domestic demand.