Azerbaijan plans to open two more industrial enterprises

The Azerbaijani Economic Zones Development Agency, operating under the Ministry of Economy, is considering projects to create two new industrial enterprises in Azerbaijan.

“The first enterprise will produce raw materials for the metallurgical industry. The second will be a wood processing enterprise and the production of finished products from it, which will become one of the leading in Europe,” Report quotes Chairman of the Agency's board Elshad Nuriyev as saying on October 24.  

"In the near future, several more companies will receive resident status in industrial parks. The company in the metallurgical industry will be a joint venture, the bulk of the products will be exported abroad. If the projects are approved, the enterprises will be located either in the Sumgayit Chemical Industrial Park or in the Aghdam Industrial Park," he said.

Nuriyev also said that the construction of 4-5 enterprises in the Aghdam Industrial Park will be completed soon.

"The enterprises will start working next year. These are mainly enterprises for the production of building materials, shoes, wallpaper," he said.