Special zone to be created in Sumgait Chemical Industrial Park

17:52 - 21.05.2024


May 21, Fineko/abc.az. The management of the Economic Zones Development Agency (IZIA) took part in the XV International Economic Forum "Russia – the Islamic World: KazanForum" in the capital of the Republic of Tatarstan.

ABC.AZ was informed at IZIA that within the forum, the agency was represented at a panel session on the topic "Free Economic Zone and industrial parks in the countries of the Organization of Islamic Cooperation - new opportunities for an international industrial corporation". At the session, IZIA chairman of board made a presentation about the industrial zones operating in our country, about the business opportunities created here for investors.

Also, within the economic forum, a cooperation agreement was signed between IZIA and Technopolis "Himgrad" of Tatarstan.

In accordance with the agreement between IZIA and the Tatarstan Technopolis Himgrad, a joint company will be established in Azerbaijan.

The company, as the operator of a special zone with an area of 10 hectares allotted on the territory of the Sumgait Chemical Industrial Park, will actively participate in attracting businessmen from Russia, Tatarstan, Uzbekistan to Azerbaijan and creating production enterprises in the specified industrial zone.