BAKU, Azerbaijan, May 12. A new tobacco
products manufacturing project worth 47 million manats ($27.6
million) will be launched in Azerbaijan by a new resident of the
“Araz Valley Economic Zone” Industrial Park.
The data obtained by Trend from the Economic Zones Development Agency under
the Ministry of Economy reveals that “Baku International Tobacco”
LLC has been granted resident status in the industrial park, which
is managed by the agency.
The company is expected to implement a tobacco production
project within the park. In addition to supplying products to the
domestic market, the company also plans to export the tobacco
products manufactured under the project.
Officials said the investment value of the project amounts to 47
million manats ($27.6 million).
The “Araz Valley Economic Zone” Industrial Park currently has 20
resident business entities and 3 non-resident entrepreneurs.
To date, entrepreneurs have invested more than 48.3 million
manats ($28.4 million) in projects carried out within the
industrial park, creating more than 130 jobs.
