During January-October 2024, 27 business entities were granted residency in Azerbaijan's industrial zones, Report informs, citing the Agency for Development of Economic Zones under the Economy Ministry of Azerbaijan.
Thirteen of them were registered as residents of Aghdam Industrial Park, six of Araz Valley Economic Zone Industrial Park, two of Sumgayit Chemical Industrial Park, one of Pirallahi Industrial Park, one of Hajigabul Industrial Park, one of Masalli Industrial District, and two of Sabirabad Industrial District.
The residents plan to invest more than 213 million manats ($125.29 million) and create over 2,600 permanent jobs. They will manufacture products such as fiber concrete and polystyrene concrete blocks, dry construction mixtures, various metal electric poles for high-voltage power transmission, orthopedic mattresses and soft furniture, recycling of engine and industrial oils into base oils, leather and leather products, LED lights, water purification devices and their spare parts, blood storage and test containers, and other products.
To date, 129 business entities with an investment value of more than 7.82 billion manats ($4.6 billion) have been granted resident status in the country's industrial zones.