Another company becomes resident of Araz Valley Economic Zone

Azerbaijan’s Economy Ministry has granted ZF Group LLC the resident status of the Araz Valley Economic Zone industrial park in the Jabrayil district, Azerbaijani Minister of Economy Mikayil Jabbarov wrote on X, Report informs.

He noted that thus, the number of residents of the industrial park has reached seven.

“The company will produce various types of adhesive tapes, create an enterprise with an investment value of 1 million manats ($588,235) and provide permanent jobs for 32 people,” he wrote.

"ZF Group" LLC has obtained residency in the "Araz Valley Economic Zone" Industrial Park, bringing the total number of residents to 7. The company will specialize in the production of various adhesive tapes within the #IndustrialPark. This enterprise, with an #investment volume… pic.twitter.com/KanI4H26mR

— Mikayil Jabbarov (@MikayilJabbarov) January 25, 2024