President Ilham Aliyev signed an order to allocate funds for the urban development of Sumgait. It has become the fourth order of the sort after the personnel changes in the executive power of Sumgait in September 2015.
This time, the city’s executive power received 10 million AZN from the state budget. Road construction was allocated 5 million AZN and the continuation of the replacement of the roofing of 100 high-rise buildings was allocated 5 million AZN.
In total since October last year to date, the replacement of the roofing of buildings in the city has been allocated 16.5 million AZN.
Prior to this, there were two orders on the reconstruction of elevators in the city. 6.2 million AZN was allocated for that.
Currently under expansion is the main road of the city. Under construction are the Heydar Aliyev Center, chess and music schools and a new complex of the Seaside Park of 93 hectares. ----08D
Economics
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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