410 industrial enterprises opened in Azerbaijan in 2016

  25 January 2017    Read: 1225
410 industrial enterprises opened in Azerbaijan in 2016
Creation of modern enterprises in the non-oil industry continued in Azerbaijan in 2016 and 410 enterprises were opened in the country during the year, said Economy Minister Shahin Mustafayev.
He made the remarks at an expanded session of the Board of the Ministry of Economy Jan. 24.

“Construction of a number of industrial facilities was started in the country, 410 industrial enterprises were opened and also work on organization of industrial parks and zones was continued. Four companies will start operating at the Sumgait Chemical Industrial Park this year and three more companies will start in 2018. It is planned to create about 800 new jobs at these enterprises,” Mustafayev said, according to a message from the ministry.

Also, work is still underway to continue attracting new residents to the Sumgait Chemical Industrial Park, according to him.

Mustafayev added that Baku Shipyard, resident of the Garadagh Industrial Park, is now successfully operating.

The biggest current contract of the shipbuilding plant is to design and construct a ‘Khankendi’ vessel worth $378 million for BP to carry out underwater construction work, he noted.

The minister added that the plant also signed an agreement with the Azerbaijan Caspian Shipping CJSC in 2016 to build two barges worth $82 million and two oil tankers worth $28 million.

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