First Azerbaijani logistics center to be built abroad by late 2015

Baku, Azerbaijan, Oct. 5

By Azad Hasanli - Trend:

A logistics center of Azerbaijani Azersun Holding will open in Kazakhstan's city of Aktau in late November-early December 2015, the holding told Trend Oct. 5.

"The logistics center will allow Azerbaijani entrepreneurs to expand export opportunities and distribute their products in Central Asia," the holding said.

Azersun Holding said that a logistics center is located on an area of approximately 10,000 square meters.

"At the first stage, $20 million were allocated for the construction of the center," the holding said. "But in the future the volume of investments may increase."

The holding said that the holding itself will manage the logistics center and distribute the products in the future.

The holding will hold a presentation for entrepreneurs in connection with the opening of the logistics center.

Azersun Holding, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and "Special Economic Zone 'Seaport Aktau' JSC signed a memorandum of understanding on the construction of a logistics center in August 2013.

Azersun Holding LLC was established in 1992. The areas of Holding's activity are processing and packing of tea, vegetable oil, trade and distribution, construction, banking, insurance, production of cardboard and paper items, meat and vegetables and transport and storage of goods.

Edited by CN

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