BAKU, Azerbaijan, May 24. Azerbaijan will implement a project for production of flooring and facing tiles using local raw materials in the territory of Aghdam Industrial Park with an annual production capacity of 15 million cubic meters, a source familiar with the matter told Trend.
The project worth 85 million Azerbaijani manats, or $50 million, will benefit from large deposits of clay, a high percentage of imported final consumption products. The state expressed interest in the development of deposits by private investors and ready to extend its support.
The source noted that there is a high demand for appropriate products in the process of restoration and reconstruction.
The industrial park resident will enjoy customs and tax benefits and preferential loan.
Azerbaijan’s state register of reserves includes 7 deposits of kaolin clay. The overall volume of reserves amounts to 72.8 million tons.
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