More than 60 million manats to be invested in Araz Valley economic zone

17:06 - 7.10.2024


October 7, Fineko/abc.az. Three new enterprises that laid the foundation in industrial park Araz Valley Economic Zone are planning to invest a total of more than 60 million manats and create more than 950 permanent jobs at the initial stage.

ABC.AZ reports that according to the Economic Zones Development Agency, on the territory of the industrial park, enterprises whose activities are scheduled to begin in 2025 will implement projects for production of tameth stones, disinfectants, liquid detergents and bleaching agents, as well as creation of a furniture cluster.

The output to be produced at the enterprises will primarily be aimed at meeting the demand of the domestic market, and at the next stage will be sold at the foreign market.

Currently, there are 13 residents and 1 non-resident in the industrial park.