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Elshad Nuriyev: Over AZN 6.2B was invested in industrial zones

Headlines 14:00 10 Dec, 2021

Nuriyev noted that residents have invested $3 billion in the Sumgayit Chemical-Industrial Park, about 5,700 jobs have been created

Elshad Nuriyev: Over AZN 6.2B was invested in industrial zones

"So far, 89 business entities have been granted residency status in the existing industrial zones in the country. Some 55 of them have already started operating. To date, entrepreneurs have invested more than 6.2 billion manats in industrial zones and created about 9,500 jobs," Acting Chairman of the Agency for Development of Economic Zones Elshad Nuriyev said at a press conference.

According to him, at the next stage, there is a plan to invest an additional 0.4 billion manats in existing projects in industrial zones and create about 2,000 jobs: "The total production in the industrial zones amounted to 5 billion manats, of which 1.4 billion or 27% were exported."

Nuriyev noted that residents have invested $3 billion in the Sumgayit Chemical-Industrial Park, about 5,700 jobs have been created: "It's planned to invest additional 312 million manats and create 1,300 jobs. The residents of Sumgayit Chemical-Industrial Park have sold products worth 3.9 billion manats. Of this, 1.3 billion manats or 33% fell to share of export. In the nine months of 2021, with the production worth 892 million manats, the share of the Park in the non-oil sector of the country made up 13.4% in the export of non-oil products – 27.5% or 541 million manats."