Baku, Azerbaijan, June 14
By Anvar Mammadov - Trend:
Over 30 entrepreneurs have expressed interest in working in Azerbaijan's Masalli industrial district which is under construction, the country's Economy Minister Shahin Mustafayev said June 14.
He made the remarks addressing the conference on "Investment promotion: new approaches and priorities" in Baku.
The minister pointed out that the construction work on the territory of Masalli industrial district will start soon.
The infrastructure work on the territory of Neftchala industrial district will be completed by late June, after which the construction of certain factories and plants will start there, according to Mustafayev.
"The total volume of funds to be invested in the Neftchala industrial district at the initial stage will exceed 20 million manats," said the minister.
"We chose eight of 17 projects presented by the businessmen. Their implementation will make its possible to create over 380 jobs," he added.
Moreover, Azerbaijan's Azeurocar and Iran's Iran Khodro company have recently signed a memorandum in accordance with which, cars and spare parts will be manufactured in Neftchala industrial district, said the minister, adding that thereby, 60 percent of the spare parts for cars will be manufactured in Azerbaijan.
Further, the minister noted that the Sumgait Chemical Industrial Park will have new residents soon.
"Seven residents have been registered in the Sumgait Chemical Industrial Park and part of those residents has already started to operate," said the Mustafayev, adding that the eighth resident will receive the certificate on June 14.
Moreover, the work on registering the ninth resident is underway, he said.
The minister also touched upon the measures taken by Azerbaijani government to develop the entrepreneurship in the country. He noted that those measures have already begun to bring positive results.
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