Details added (first version posted on 12:11)
Baku, Azerbaijan, Dec. 20
The volume of investments for the establishment of a metallurgical complex, consisting of five plants, in Azerbaijan is estimated at 1.225 billion euros, said Azerbaijani Economy Minister Shahin Mustafayev.
Mustafayev made the remarks during an event titled “Development of metallurgical industry: new challenges and goals” in Baku Dec. 20.
During the event, a contract was signed on construction of a metallurgical complex in the country’s Sumgait city.
The contract was signed by Chairman of Supervisory Board of Baku Steel Company Rasim Mammadov and Chairman and CEO of Danieli Group Gianpietro Benedetti.