AGHDAM, Azerbaijan, December 25. The visit of
Azerbaijani media representatives to Aghdam has begun, Trend's Karabakh bureau
reports.


During the media tour titled “In the Footsteps of the
President,” the representatives have familiarized themselves with a
metal electric pole production facility, the opening of which was
attended by President of Azerbaijan Ilham Aliyev.


Turgay Abdullazade, head engineer of a metal electric pole
production facility owned by Construction LLC in Aghdam Industrial
Park, told reporters that located on a one-hectare site within the
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 manat ($1.74
million), with a guaranteed loan of 1.2 million manat ($705,000)
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 park. During the import of equipment, technological devices,
and installations, VAT and customs duty concessions worth 443,000
manat ($260,000) were applied.







An advantageous investment ecosystem was established to bolster
entrepreneurial endeavors in that locale. Residency status has been
granted to 32 business entities with a total investment exceeding
312 million manat ($183 million), while five entrepreneurs have
been granted non-residency status. Investors have already
contributed 142 million manat ($83 million) 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 manat ($556 million) have been manufactured by the
Industrial Park residents, including 39.5 million manat ($23
million) worth of exports.


Established by a 2021 decree, Aghdam Industrial Park covers 190
hectares and aims to revive the liberated territories, develop
Karabakh’s industrial potential, support entrepreneurship, and
increase employment in the production sector. Key activities in the
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.


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