BAKU, Azerbaijan, November 5. A total of 27 business entities were granted resident status in industrial zones under the authority of the Agency for Development of Economic Zones of Azerbaijan from January through October of this year, Trend reports.
According to the information, 13 of them were registered as residents of Aghdam Industrial Park, 6 - Araz Valley Economic Zone Industrial Park, 2 - Sumgayit Chemical Industrial Park, 1 - Pirallahi Industrial Park, 1 - Hajigabul Industrial Park, 2 - Masalli Industrial Quarter, 2 - Sabirabad Industrial Quarter.
It is planned to invest a total of more than 213 million manat ($125.2 million) in the industrial zones by registered residents and create more than 2,600 permanent jobs.
The residents of the industrial zones will produce fiber concrete and polystyrene concrete blocks, dry building mixes, electric poles for high voltage power transmission, orthopedic mattresses and upholstered furniture, base oils with the processing of motor and industrial oils, leather and leather products, LED lights, water purification devices, and their spare parts, etc.
To note, at the moment the resident status in the industrial zones under the authority of the Economic Zones Development Agency has been assigned to 129 business entities with a volume of investments of more than 7.82 billion manat ($4.6 billion).