Shorouk Express
BAKU, Azerbaijan, April 16. Entrepreneurs have
invested more than 59 million manats ($34.7 million) in
Azerbaijan’s Hajigabul Industrial Park, Trend reports.
The next stage is planned to invest another 124 million manats
(72.9 million) in existing projects.
The Economic Zones Development Agency (EZDA), which oversees the
park, has granted residency status to 12 business entities with a
total investment exceeding 183 million manat ($107.6 million). In
addition, five companies have been granted non-resident status.
To date, these investments have resulted in the creation of more
than 360 permanent jobs. The next stage of development is expected
to generate over 1,400 new permanent positions as additional
projects are implemented.
The park has produced goods worth 280 million manat ($164.7
million) so far, with 4 million manat ($2.3 million) of that output
designated for export. The Hajigabul Industrial Park continues to
contribute to regional economic growth through industrial
production, job creation, and increased export potential.
