...

Period for construction launch of cosmetic factory in Azerbaijan revealed

Business Materials 14 November 2019 14:58
Period for construction launch of cosmetic factory in Azerbaijan revealed

BAKU, Azerbaijan, Nov. 14

By Matanat Nasibova – Trend:

The construction of a new plant for the manufacture of cosmetic products is planned to begin within the first three months of next year, Head of Azerbaijan’s Association of Women Entrepreneurs Sakina Babayeva told Trend.

“A hair dye production plant, which is a private investment project, will be built in Azerbaijan's Sumgait city,” Babayeva said. “The development of a project providing for the construction of a new facility has been completed. The project cost is estimated at 1.2 million manat ($705,891).”

The association head noted that there is some progress in the field of women’s entrepreneurship, which is associated with the competent approach of women to doing business, with the support of the Association.

“The number of women wishing to start their own business is growing,” Babayeva added. “We, in turn, support them in drawing up business plans, as well as in directly choosing a more optimal business direction.”

According to the statistics, over 143,000 women are involved in business activities in Azerbaijan.

The Azerbaijani Association of Women Entrepreneurs was established in October 2017 through the support of Azerbaijan’s State Committee for Family, Women and Children Affairs.

($1= 1.7 manat on Nov. 14)

Tags:
Latest

Latest