Baku, Azerbaijan, Jan. 16
By Azad Hasanli – Trend:
Azerbaijan and Iran are discussing the construction of a joint plant for production of agriculture equipment and buses, Azerbaijan’s Economy Minister Shahin Mustafayev told reporters in Baku Jan. 16.
He made the remarks following the groundbreaking ceremony of the Caspian Pharmed plant held in the Pirallahi Industrial Park, in Pirallahi district of Baku Jan. 16.
Azerbaijan’s economy minister said that the prospects of the Azerbaijani-Iranian relations are very good and in the future, the sides may discuss joint projects in other areas as well.
“Thanks to the efforts of the Azerbaijani and Iranian heads of states, the relations between the two countries are at the highest level,” the minister said. “We are very successfully cooperating in all spheres, including political, economic and humanitarian one.”
Mustafayev added that the pharmaceutical plant, the foundation of which was laid Jan. 16, is the second Azerbaijani-Iranian joint plant.
“Construction of the first joint car plant began last year in the Neftchala Industrial Quarter,” he added.
Azerbaijan’s AzEuroCar LLC and Iran’s giant automaker, Iran Khodro, will produce four Iranian car brands – Dena, Runna, Soren and Samand –at the new plant with a capacity of about 10,000 cars per year.
The project is estimated to cost $15 million. The car factory jointly founded by Iran and Azerbaijan will launch in May 2017.