BAKU, Azerbaijan, February 9. A total of 32
business entities have been granted resident status in the Aghdam
Industrial Park, while 5 entrepreneurs hold non-resident status
within the park, Trend reports, citing the Economic Zones Development
Agency (EZDA) under the Ministry of Economy.
The information indicates that entrepreneurs have invested 145.8
million manat ($85.7 million) in projects implemented within the
industrial park, resulting in the creation of nearly 1,000
permanent jobs. It was also reported that 13 enterprises are
currently operating in the Aghdam Industrial Park.
In addition, entrepreneurs have carried out product sales worth
1.4 billion manat ($82 million) within the park, of which 62.3
million manat ($36.6 million) accounted for exports.
The Aghdam Industrial Park, a 190-hectare state-funded
industrial zone in Azerbaijan, was established in May 2021 to
support the revitalization of the liberated Karabakh region. It
aims to foster industrial development and attract investments by
providing "plug-and-play" infrastructure for businesses in
construction materials, food processing, and agriculture, along
with job creation. The park offers significant incentives,
including 10-year tax exemptions for property, land, and income
taxes, and a 7-year exemption from VAT and customs duties on
imported machinery.
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