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Evsen Inks Contracts on Automobile Production in Azerbaijan

Business Materials 27 May 2008 13:51 (UTC +04:00)

Azerbaijan, Baku, 27 May / corr Trend E.Ismayilov / On 27 May, the Turkish group of companies Evsen, IranKhodro factory and the Iranian Bank for Export Development signed a $73mln contract to produce 10,000 automobiles of following brands-Azsamand El (4,000), Azsamand LX (4,000), Azsamand Soren (2,000).

The contract was signed in Shemakh city of Azerbaijan within the framework of the first international business conference. The organizers of the conference are the Ministry of Economic Development of Azerbaijan, the Fund for Promotion of Investments (AZPROMO), and a group of companies Evsen.

Under the conference, it is planned to carry out business talks between the firms and organizations of Azerbaijan, Turkey, China, Iran, the Baltic countries, Germany, Russia, Saudi Arabia, Ukraine, Iraq, Pakistan, Georgia, Uzbekistan, Turkmenistan, Kazakhstan and Belarus.

It is also planned to hold monitoring into markets of major business cities in Azerbaijan, Turkey, China and Iran, presentation of foreign companies and organizations, as well as to conduct meetings at the Chamber of Commerce and Industry of Azerbaijan, governmental and economic organizations.

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