Azerbaijani president reviews new industrial projects in Aghdam PHOTO / Updated

President Ilham Aliyev of Azerbaijan attended the opening of a metal electric pole production facility owned by Construction LLC in Aghdam Industrial Park on December 23.

According to local media, Nurlan Abbasov, founder of Construction LLC, briefed the head of state on the facility’s operations.

Located on a 1-hectare site within the Industrial Park, the facility operates using Chinese technology. Its annual production capacity is 7,200 tons of metal electric poles, which will serve both domestic demand and export markets.

The investment volume of the facility is 2.96 million manats, with a guaranteed loan of 1.2 million manats provided by the Azerbaijan Business Development Fund under the Ministry of Economy. 

The facility currently employs 32 people and benefits from all tax and customs concessions granted to residents of the Industrial Park. During the import of equipment, technological devices, and installations, VAT and customs duty concessions worth approximately 443,000 manats were applied.

Established by a 2021 decree, Aghdam Industrial Park covers 190 hectares and aims to revive the liberated territories, develop Garabagh’s industrial potential, support entrepreneurship, and increase employment in the production sector.

Key activities in the Industrial Park include the production of construction materials, packaging of agricultural products, processing of fruit and vegetable preserves, meat and dairy production, feed and fertiliser production, provision of services, and the organisation of cold storage facilities.

The government has created a favourable investment environment to support entrepreneurial activity. Residency status has been granted to 32 business entities with a total investment exceeding 312 million manats, while 5 entrepreneurs have been granted non-residency status. Investors have already contributed 142 million manats to the Industrial Park, creating nearly 970 permanent jobs, the majority of which are held by residents of Aghdam and surrounding districts. Products worth 945 million manats have been produced by Industrial Park residents, including 39.5 million manats worth of exports.

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President of the Republic of Azerbaijan Ilham Aliyev laid the foundation stone for the production facility of Saloglu Garabagh LLC in Aghdam Industrial Park on December 23.

Tajeddin Mustafayev, founder of Saloglu Garabagh LLC, briefed the head of state on the plans for the new facility, Caliber.Az reports per local media.

The enterprise will be established on a one-hectare site within the Aghdam Industrial Park. The project envisages the construction of a factory for the production of furniture, including various types of living room and bedroom sets, as well as upholstered and metal furniture accessories. Production will utilise technologies from Türkiye, Germany, and China.

The factory’s annual production capacity is projected at 4,000 furniture sets and 6,000 metal furniture accessories. The products will meet domestic market demand and will also be exported. The total investment value of the project is 8 million manats.

A preferential loan is expected to be provided by the Azerbaijan Business Development Fund under the Ministry of Economy for the establishment of the facility. The enterprise will benefit from all tax and customs incentives granted to residents of the industrial park. The project is expected to create 50 permanent jobs.

By Aghakazim Guliyev