Projects with investment incentives envisage over $1 bln investment

Tural Ibadli
Author

Baku. 15 February. REPORT.AZ/ Non-oil sector in Azerbaijan grew by 5% in comparison with 2015. 

Report informs, deputy economy minister Niyazi Safarov told in his speech at working forum “Investments in Privatization: New Opportunities & Challenges” in Baku.

Deputy minister noted that total 106 investment incentive documents granted entrepreneurs: Last year we granted investment incentive documents to total 106 entrepreneurs, including 88 legal entities and 10 individual entrepreneurs. These incentives cover non-oil sectors of the economy. Above 1 bln USD investment and creation of over 7,000 jobs are envisaged within this projects”.

It is also planned to invest $1 bln to Sumgayit Chemistry Industry Park, which envisages 2,000 additional jobs. At present 9 residents operate in Sumgayit Chemistry Industry Park”, N.Safarov added. 

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