Azerbaijan, Baku / Trend corr. I.Khaslilova / The Azerbaijani Export and Investment Promoting Fund (AZPROMO) consider the efficient operating of its representative in Aktau, West Kazakhstan, although half a year is not a long term, stated Emil Majidov, AZPROMO's president.
Four or five Azerbaijani construction companies attended the market of the West Kazakhstan. Several foodstuff contracts were also signed. "We are planning to cooperate with the service companies and joint-stock enterprises on the equipment manufacturing. So far, there has been no contract signed in this direction However, an agreement was reached to establish three joint enterprises on the basis of the memorandum.
There are plans to sign contracts in this direction, in 2008. Joint ventures will be established between the Azerbaijani Azneftkimyamash company and Kazakhstan's Kazpetromash , Kazneftegasmash and Sewon - Vertex Heavy Industry.
Thanks to the memorandum, Azerbaijani and Kazakhstan companies jointly define the further projects.