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Ukrainian companies have great prospects for cooperation with Sumgait Chemical Industrial Park

Business Materials 30 October 2019 16:03 (UTC +04:00)

BAKU, Azerbaijan, Oct. 30

By Leman Zeynalova – Trend:

Ukrainian companies have great prospects for cooperation with Sumgait Chemical Industrial Park, Sergey Shteluk, economic advisor at Ukrainian embassy in Baku, said in an interview with Trend.

He noted that currently, 193 companies with Ukrainian share operate in Azerbaijan with direct investments in the country nearing $25 million.

“These companies are primarily focused on mechanical engineering, chemical industry, construction and design, trade, transport, information communications and engineering. Ukrainian companies offer high-tech business projects to their Azerbaijani partners and attract foreign investments for joint implementation of those projects in Azerbaijan. Currently, small or medium-scale joint investment projects dominate in cooperation of Ukrainian companies with Azerbaijani partners,” said the economic advisor.

But, according to Shteluk, there are also prospects for implementation of large-scale projects in Azerbaijan with participation of Ukrainian companies in energy, agro-industrial sphere, transport engineering (shipbuilding, carriage building, aeronautical engineering), electric power engineering and chemical industry.

“Two unique Ro-Pax ferries and two oil tankers for transporting oil and oil products are under construction at the Baku Shipyard with participation of Odessa Marine Engineering Bureau, which is a bright example of technological and investment cooperation between the two countries. Moreover, there are great prospects for cooperation between Ukrainian companies with Sumgait Chemical Industrial Park,” he added.

Sumgait Chemical Industrial Park is an area that has necessary infrastructure and management structures for entrepreneurial activity, which is used for the purpose of producing competitive products and providing services through the use of modern technologies, which helps entrepreneurs to effectively operate and develop. In the territory of the industrial park production and processing enterprises of competitive products (works, services) are created on petrochemical and other priority industries.

The territory of Sumgait Chemical Industrial Park located in Sumgait city in 32,5 km from capital of Baku is 508,14 hectares.

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