Azerbaijan aims at creating industrial parks in each economic district

Business Materials 13 December 2012 13:32 (UTC +04:00)

Azerbaijan, Baku, Dec.13 / Trend, A.Akhundov /

Azerbaijan aims at creating industrial parks in each economic district, the Draft Development Concept "Azerbaijan - 2020: The Vision of The Future" says.

"Measures will be taken to reorganize existing raw material enterprises and establish
new quality ones in the districts. In the years covered by the concept, a steel company, an oil and gas processing and petrochemical complex, fertilizer, shipbuilding and cement plants will be built in the country. The aluminum industry will be developed, production of primary aluminum increased, a process chain involving the private sector created and its export capacity enhanced," the draft says.

The application of innovative technologies at industrial enterprises will be encouraged and specialized and general industrial parks established.

"The creation of an industrial infrastructure in economic districts will form the main component of state investment policies on developing the non-oil sector. Therefore, the goal will be to create a special economic zone and set up industrial parks in each economic district (including the Sumgayit petrochemical, Balakhani waste treatment and Ganja metal (aluminum) complexes)," the draft says.

Along with developing and expanding the export opportunities in traditional non-oil
industries (chemical, metallurgy, machine engineering, electrical technology, electronics, light and food industries, etc.), new competitive sites will be encouraged.

"To speed up investment inflow in the non-oil sector, stimulating procedures will be applied and investment collaboration between public and private sectors developed to bolster non-oil exports," the draft says.