BAKU, Azerbaijan, December 23. President of the
Republic of Azerbaijan Ilham Aliyev laid the foundation stone for
the production facility of Saloglu Garabagh LLC in Aghdam
Industrial Park on December 23, Trend reports.
Tajeddin Mustafayev, founder of Saloglu Garabagh LLC, briefed
the head of state on the plans for the new facility.
The enterprise will be established on a one-hectare site within
the Aghdam Industrial Park. The project envisages the construction
of a factory for the production of furniture, including various
types of living room and bedroom sets, as well as upholstered and
metal furniture accessories. Production will utilize technologies
from Türkiye, Germany, and China. The factory’s annual production
capacity is projected at 4,000 furniture sets and 6,000 metal
furniture accessories. The products will meet domestic market
demand and will also be exported. The total investment value of the
project is 8 million manats. A preferential loan is expected to be
provided by the Azerbaijan Business Development Fund under the
Ministry of Economy for the establishment of the facility. The
enterprise will benefit from all tax and customs incentives granted
to residents of the industrial park. The project is expected to
create 50 permanent jobs.
