Araz Valley Economic Zone welcomes its 12th resident

Economic Department
Author

The Araz Valley Economic Zone, a thriving industrial park in Azerbaijan, has recently welcomed its 12th resident company - Khanbulaq LLC.

According to Report, the Economic Zones Development Agency officially announced the new addition to the growing economic hub.

Spanning across a 2.5-hectare area, Khanbulaq LLC is set to establish a 40-room hotel and a restaurant with a capacity of 100 people. This ambitious project, valued at 7 million manats (approximately $4.1 million), is expected to create employment opportunities for 60 individuals.

Other News

AzerGold exports $19.3M in January 03 March, 2026 / 18:09
Azerbaijan exports $33M worth of gold in January 03 March, 2026 / 15:15
Swiss envoy sees broad cooperation potential in Azerbaijan's city of Ganja 28 February, 2026 / 10:21
Azerbaijan produces 402 passenger cars in January 24 February, 2026 / 16:22
Investment in Azerbaijan's Yevlakh Pilot Agricultural Park nears $35M 24 February, 2026 / 13:28
Investment in Aghdam Industrial Park and Araz Valley Economic Zone 24 February, 2026 / 12:29
Adigozalov: Azerbaijan's industrial zones export to more than 70 countries 24 February, 2026 / 12:13
Investments in Azerbaijan's industrial zones reached 7B manats 24 February, 2026 / 12:01
Azerbaijan to launch 16 new enterprises in industrial zones 24 February, 2026 / 11:50
End of EV euphoria triggers $65B hit for carmakers 16 February, 2026 / 08:55
Industrial production in Azerbaijan rises nearly 3% 11 February, 2026 / 11:24
Azerbaijan boosts asphalt production by over 30% 31 January, 2026 / 16:51
Ilgar Hasanov: Diamond trade impossible without participation in Kimberley process 23 January, 2026 / 13:50
Azerbaijani President: Mining, renewable energy, AI, and data centers are main targets for attracting foreign investments 21 January, 2026 / 08:25
Azerbaijan shares data on auto manufacturing in 2025 20 January, 2026 / 15:24
Winners of Yuksalish Competition visit CIRPA 19 January, 2026 / 20:10
Azerbaijan, Chinese companies discuss joint aluminum production 19 January, 2026 / 18:25
Azerbaijan's non-oil, gas industrial production grows by 5.5% 19 January, 2026 / 10:41
President Ilham Aliyev signs decree on establishment of West Industrial Park 15 January, 2026 / 13:35
Azerbaijan plans copper exports from Demirli complex in Aghdara to China 13 January, 2026 / 17:48