Baku 3° C
Azerbaijan to invest in basalt production
Business
- 23 September, 2025
- 12:10
The Azerbaijan Business Development Fund (ABIF), operating under the Ministry of Economy, and Basalt Group LLC have signed a contract on joint participation in the charter capital of Azerbasalt Scientific-Production Union LLC.
According to Report, the signing took place within the framework of the 1st Azerbaijan International Investment Forum (AIIF-2025) held in Baku.
The document was signed by Yasin Jalilov, Director-General of ABIF, and a representative of Basalt Group LLC.
This contract is expected to contribute to the development of domestic industrial production.
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