BAKU, Azerbaijan, June 5. Desen MM LLC has been granted resident status in Azerbaijan's Araz Valley Economic Zone Industrial Park, managed by the Economic Zones Development Agency under the Ministry of Economy, Trend reports via the agency.
The recently onboarded occupant will manufacture paint
applicators and coating rollers within the designated industrial
zone. The capital allocation for the initiative is quantified at
1.9 million manat, equivalent to approximately $1.12 million.
Products will be synthesized at the facility utilizing cutting-edge
technologies sourced from Türkiye and China, targeting both the
domestic marketplace and international export channels.
It is pertinent to highlight that the Araz Valley Economic Zone
Industrial Park is currently hosting 17 business entities
classified as residents, alongside three entities designated as
non-residents. To date, an infusion of over 35 million manat
(equivalent to $20.7 million) has been allocated by entrepreneurs
within the park, resulting in the establishment of approximately
100 enduring employment positions.
