Economic growth in Karabakh: New cement plant launched in Khojaly

A new project has been launched in the village of Asgaran settlement of Khojaly district, Minister of Economy, Mikayil Jabbarov said on his X page.

According to Jabbarov, the state-owned Azerbaijan Investment Company, under the Ministry of Economy, has partnered with Shahbulag Mining to implement this project, Caliber.Az reports.

Shahbulag Mining LLC, co-founded by the Azerbaijan Investment Company OJSC (@AIC_OJSC), has launched a new project in the Asgaran settlement of Khojaly district. The AzCement cement plant, with an annual production capacity of 60,000 tons, will provide employment for… pic.twitter.com/NuR1XwqWio

— Mikayil Jabbarov (@MikayilJabbarov) October 22, 2024

The cement plant, AzCement, will have an annual production capacity of 60,000 tonnes and is expected to create 70 jobs.

The facility aims to enhance the infrastructure and industrial potential of the liberated territories and contribute to the economic development of the region, minister noted.

By Aghakazim Guliyev