BAKU, Azerbaijan, May 25. "MET-AK" LLC has been
granted resident status in the Sumgayit Industrial Park, which
operates under the management of the Economic Zones Development
Agency (IZIA) under the Ministry of Economic Affairs, Trend reports, citing the
agency.
The new resident will implement a project to manufacture
polystyrene food packaging trays of various sizes.
With an investment value of 16.3 million manat ($9.5 million),
the enterprise plans to establish its specialized production lines
within the territory of the Industrial Park.
Resident status within the Sumgayit Industrial Park has been
granted to 39 business entities with a total investment volume
exceeding 6.7 billion manat (3.9 billion). Of this target,
residents have already invested more than 5.6 billion manat ($3.2
billion) into the zone's infrastructure and facilities.
