Azerbaijan, Baku /corr Trend I.Khalilova / Anar Akhundov, the Executive Director of the Azerbaijan Investment Company (AIC), informed that the AIC concluded a memorandum with Azersun Holding on joint investing in the construction of refined and iodine salt production.
The plant will be built in Masazir with the consideration that salt around the Masazir lake will be major raw material for this enterprise.
Akhundov noted that opportunities for the use of additional raw material are also under consideration.
"The key task is to organize the production of salt in accordance with the requirements of international organizations and appropriate norms of iodine and raffinate," he stressed.
Azersun Holding will act as major shareholder in the project, while the investments company is considering the opportunities for purchase of a stake fluctuating between 25% and 30%. The international financial organizations will also be invited to participate in this project.