BAKU, Azerbaijan, July 17. A total of 18 business entities with an investment portfolio of more than 307 million manat ($180.6 million) in Azerbaijan's industrial zones managed by the Economic Zones Development Agency were granted residency status, and three entrepreneurs were granted non-residency status in the first half of the current year.
The data obtained by Trend from the agency shows that three of them were registered as residents of the Aghdam Industrial Park, five - the Araz Valley Economic Zone Industrial Park, three - the Sumgayit Chemical Industrial Park, five - the Hajigabul Industrial Park, one - the Masalli Industrial District, and one - the Sabirabad Industrial District.
Meanwhile, three business entities were granted non-residency status, one in each zone of the Aghdam, Hajigabul, and Araz Valley Economic Zone industrial parks.
The registered investors will implement projects in industrial zones to produce smart TVs, bicycles, electric buses, elevators and escalators, form a cluster in the textile sector, and build a solar power plant.
