16:05 - 6.01.2025
January 6, Fineko/abc.az. Karabakhstone LLC is one of the business entities that have received resident status in the Araz Valley Economic Zone Industrial Park. Currently, construction work on the site designated for the company in the industrial park is ongoing at rapid pace.
ABC.AZ informs that the company was registered as a resident of the Araz Valley Economic Zone in July 2024. Foreman Elgiz Ahmadov said that the plant covers an area of 3.5 hectares of industrial park.
"Decorative stone (Tametsky stone) and curbs for sidewalks will be produced here in order to improve roads and various territories. The project, which has investment value of 10.5 million manats, is expected to provide permanent employment for 95 people. At the initial stage, the production capacity of the plant will be 1.25 million sq m, at the second stage, that is, in 2026, the production volume will be increased to 2.5 million sq m. Turkish technology will be used during production. The plant is scheduled to be launched in October. Currently, 45% of the construction work has been completed. The plant's activities, first of all, will make an important contribution to the improvement of the territory of Eastern Zangezur and Karabakh," he stressed.
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