Bulgarian Vice President Iliana Iotova, who is on a visit to Azerbaijan to participate in the 13th Session of the World Urban Forum (WUF13), visited the Sumgayit Chemical Industrial Park, managed by the Economic Zones Development Agency (IZIA) under the Ministry of Economy.
This was reported to “Elchi” by IZIA.
It was noted that Deputy Minister of Economy Azer Bayramov and Chairman of the Board of the Agency Seymur Adigozalov provided the guests with detailed information about the modern infrastructure created for residents in industrial zones, ongoing projects, and manufactured products. It was stated that a favorable business and investment environment has been formed for entrepreneurs in industrial parks, residents are provided with ready-made infrastructure at the expense of the state, and they also benefit from tax, customs, and other concessions. In addition, it was highlighted that extensive opportunities have been created for the export of products manufactured in industrial zones to foreign countries, alongside the domestic market, and that products are supplied to various international markets.
The delegation also visited “Caspian Lubricants” LLC, a resident of the industrial park. It should be noted that Bulgarian investors are among the founders of the enterprise.
The guests were informed about the production process, applied technologies, production capacity, and product range at the enterprise.