A new resident of the Araz Valley Economic Zone Industrial Park will implement the tobacco products manufacturing project.
“Baku International Tobacco” LLC has been granted residency in the Araz Valley Economic Zone Industrial Park managed by the Economic Zones Development Agency under the Ministry of Economy.
The new resident is set to implement the tobacco products manufacturing project. Within the framework of the project with the investment value of 47 million AZN, it is planned to both sell manufactured products in the domestic market and export.
It is noteworthy that up to date, 20 business entities have been granted residency and 3 entrepreneurs – non-residency in the Araz Valley Economic Zone Industrial Park. More than 48.3 million AZN have been invested, and over 130 jobs have been created by the entrepreneurs within the projects implemented in the Industrial Park.
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