BAKU, Azerbaijan, July 30. An investment portfolio of business entities being residents of Azerbaijan's Sumgayit Chemical Industrial Park, the largest industrial park in the South Caucasus, has exceeded six billion manat ($3.5 billion).
The data obtained by Trend from the Economic Zones Development Agency shows that a total of 39 business entities were granted residency status, and 28 of them are already operating.
Investments totaling 5.56 billion manat ($3.28 billion) have been made by entrepreneurs, and more than 6,300 permanent jobs have been created so far.
From 2015 up to the first half of 2025, the park residents have carried out product sales worth a total of 14.37 billion manat ($8.47 billion), of which 5.17 billion manat ($3.05 billion) accounted for exports.
In the first half of the current year, products worth 1.14 billion manat ($0.67 billion) were sold in the Industrial Park, with exports amounting to 544.8 million manat ($321 million). Compared to the same period last year, exports have increased by nearly 20 percent.
Successes have been achieved in the export of construction chemicals, steel and polymer pipes, lubricants, polymers, urea, various types of cables, glass sheets, ceramic tiles, and other products manufactured in the park. These types of products have mainly been exported under the Made In Azerbaijan brand to more than 70 countries worldwide.
A favorable investment environment has been created for the development of entrepreneurial activity in the Sumgayit Chemical Industrial Park. Thus, entrepreneurs here are provided with ready-made infrastructure at the expense of state funds. Additionally, residents of the park are fully exempted from property, land, and income taxes for 10 years from the date of their registration, as well as from VAT and customs duties when importing machinery, technological equipment, and devices for production purposes. So far, 912 confirming documents have been issued to residents of the Park, as a result of which residents have saved more than 400 million manat ($235 million) when importing machinery and technological equipment.
