BAKU, Azerbaijan, March 16. Since its inception
in 2017, the total investment in the Balakhani Industrial Park has
amounted to 57 million manat ($33.5 million), said Orkhan Jabbarov,
head of the press service of Tamiz Shahar OJSC, Trend reports.
During an information tour for journalists organized as part of
the World Urban Forum (WUF), Jabbarov highlighted that enterprises
within the park have collectively produced goods valued at 416
million manat ($244.7 million) over the same period.
He further noted that products manufactured through recycling,
amounting to 32 million manat ($18.8 million), have been exported
to foreign markets. The park specializes in the recycling of used
engine and cooking oils.
Jabbarov emphasized that the state plays a significant role in
supporting efficient waste management practices, with residents
benefiting from exemptions on value-added tax, land tax, and
customs duties on imported production equipment.
Furthermore, the official also underscored the critical role of
effective waste management in fostering a sustainable urban
model.
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