Azerbaijani-Israeli poultry enterprise to be created

Baku/07.03.23/Turan: State-owned JSC "Azerbaijan Investment Company" (AIC) announced the signing of a joint-stock agreement with "Azerbaijan Poultry Company" LLC, as well as two Israeli companies "AgriGo" and "Shaniray Technologies"  about investing in a project for the production of breeding eggs.

On the territory of the Yevlakh pilot agropark, it is planned to build a plant for the production of breeding eggs with a production capacity of 18 million pieces per year using the latest technologies and modern processes. A share of AIC in the project is planned at the level of 29.9%, according to the company. No information is yet provided on the volume of investments in the project aimed at reducing the country's dependence on the import of breeding eggs; at the share participation of other companies, and the timing of implementation.

According to the "Agency for Development of Economic Zones" under the Ministry of Economy, 11.1 hectares of land have been allocated for the construction of a poultry farm on the territory of the Yevlakh Agropark.

"Azerbaijan Poultry Company" LLC was formed on the assets of "Ucar Agro" LLC ("Garant Agro"), founded in 2012. Its authorized capital is 63.8 million manats ($37.5 million). The enterprise on the territory of the Ujar region with an area of 58 g includes two separate complexes: a farm for raising chickens, and a poultry meat processing plant under the Mərcan brand. The company employs about 500 people on a permanent basis. -08B-