BAKU, Azerbaijan, December 23. President of the
Republic of Azerbaijan Ilham Aliyev attended the opening of a metal
electric pole production facility owned by Construction LLC in
Aghdam Industrial Park on December 23, Trend reports.


Nurlan Abbasov, founder of Construction LLC, briefed the head of
state on the facility’s operations.


Located on a 1-hectare site within the Industrial Park, the
facility operates using Chinese technology. Its annual production
capacity is 7,200 tons of metal electric poles, which will serve
both domestic demand and export markets. The investment volume of
the facility is 2.96 million manats, with a guaranteed loan of 1.2
million manats provided by the Azerbaijan Business Development Fund
under the Ministry of Economy. The facility currently employs 32
people and benefits from all tax and customs concessions granted to
residents of the Industrial Park. During the import of equipment,
technological devices, and installations, VAT and customs duty
concessions worth approximately 443,000 manats were applied.


Established by a 2021 decree, Aghdam Industrial Park covers 190
hectares and aims to revive the liberated territories, develop
Garabagh’s industrial potential, support entrepreneurship, and
increase employment in the production sector. Key activities in the
Industrial Park include the production of construction materials,
packaging of agricultural products, processing of fruit and
vegetable preserves, meat and dairy production, feed and fertilizer
production, provision of services, and the organization of cold
storage facilities.


The government has created a favorable investment environment to
support entrepreneurial activity. Residency status has been granted
to 32 business entities with a total investment exceeding 312
million manats, while 5 entrepreneurs have been granted
non-residency status. Investors have already contributed 142
million manats to the Industrial Park, creating nearly 970
permanent jobs, the majority of which are held by residents of
Aghdam and surrounding districts. Products worth 945 million manats
have been produced by Industrial Park residents, including 39.5
million manats worth of exports.


Will be updated