Ltd. Azersun Holding has begun to create a logistics center in Aktau
In the Special Economic Zone (SEZ) Sea Port Aktau a project was launched to create a manufacturing and logistics center. On the first phase of the project, LLC Azersun Holding will spend $ 20 million.
On Saturday, June 28th, the ceremony of laying the foundation of the logistics center was held with the participation of the Minister of Economy and Industry of Azerbaijan Shahin Mustafayev. The company Azersun Logistics Center was granted a certificate of participation in SEZ Sea Port Aktau. According to the draft, the storage space of the center is 10 thousand square meters, which will be used for transshipment of goods from Azerbaijan to Kazakhstan and in the opposite direction. The Azerbaijani government has provided Azersun Holding a long-term soft loan from the National Fund for Entrepreneurship Support.
Attending the ceremony, the President of Ltd. Azersun Holding Abdolbari Gezal said that the second phase of the project envisages the creation of sorting and packaging infrastructure, as well as production and processing enterprises.
Azersun Holding has been in operation since 1991. The group of companies is a leader in food production, trade and agriculture. It also has subsidiaries in different countries (Russia, Sri Lanka, etc.). -0-
Economics
-
Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
-
Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
-
Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
-
The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
Leave a review