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  • Updated 27.09.2021 11:15
  • Created 24.09.2021 17:25

Media representatives in Masalli Industrial District

 

On September 24, the Ministry of Economy organized a visit of a group of media representatives to get acquainted with the activities of the Masalli Industrial District.

Media representatives were made aware that industrial parks and districts are important mechanisms for sustainable development of the non-oil industry, expansion of entrepreneurship in the regions and employment. During the visit, it was also noted that the Presidential Order of the Republic of Azerbaijan dated June 13, 2016 established the Masalli Industrial District. In the Industrial District, the necessary infrastructure has been created, an administrative building, technical and auxiliary buildings have been built, along with landscaping works at the expense of state funds. Like other industrial districts, Masalli Industrial District is of great interest to entrepreneurs, where 9 residents have been registered, and 7 have already started their activities.

At ELC-ZM LLC, which manufactures roofing and accessories, the media representatives were informed that the investment value of the enterprise with an annual production capacity of 1,000 tons is 500,000 manat. The plant has created 6 new jobs.

Another enterprise operating in the Industrial District is Kainat-2016 LLC, which produces building materials. 15 people were provided with permanent jobs at an enterprise with an investment value of 500,000 manat. The Ministry of Economy issued an investment promotion document to the enterprise, which is capable of producing 4,500 m3 of wood products per year.

Media representatives also visited the production unit of mattresses and metal spring parts of Foriella LLC. It was reported that 1.2 million manat was invested in the establishment of the enterprise, which created 35 jobs. The Ministry of Economy has issued an investment promotion document to the project.

Then the media representatives visited the plant of decorative wall coverings BAF LLC, and were reported that 350,000 manat were invested in the establishment of the enterprise, providing 7 people with jobs. The annual production capacity of the enterprise is 30 tons.

100 thousand manat were invested in an enterprise owned by Suleyman Gurbanov, an individual engaged in the production of kitchen and kids furniture in the Industrial District, with the creation of 10 jobs.

100 thousand manat were invested in an enterprise for the production of plastic doors and windows, established by an individual Ramin Askerov in the Masalli Industrial District.

Media representatives also got acquainted with the activities of an enterprise for the production of upholstered and kitchen furniture, owned by an individual entrepreneur Asad Azizov. Currently, the company employs 5 people.

Note. Currently, the country has 5 industrial districts - Hajigabul, Masalli, Neftchala, Sabirabad and Sharur. In total, 36 residents have been registered in the industrial districts, of which 16 have already started their activities. So far, entrepreneurs have invested 74.5 million manat in industrial districts. The next stage plans to invest over 43 million manat. To date, the industrial districts have produced goods worth 109 million manat. In addition to meeting the needs of the domestic market, the products are also exported to foreign countries.

The products meet the needs of the domestic market, but are also exported to foreign countries.

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