Project Estimate Documents to Establish Neftchala Industrial District to Be Prepared by Ltd. MDM

On April 6 JSC Azerbaijan Investment Company (AIC) concluded a contract with the design and engineering company MDM for the development of design estimates to build the industrial district of Neftchala. The contract value is 202.5 thousand manat (including VAT).

The presidential decree on the establishment of the country's first industrial district was signed in February this year. The operator of the project is AIC, which, has been granted 10 hectares of land on lease terms. In order to create conditions for business entities the JSC is to create the necessary infrastructure. On the territory of the industrial district they will create non-oil industry enterprises and services.

LLC MDM has operated since 1999. In 2014, the company on the basis of tender procedures performed contracts to develop two design estimates with the creation of infrastructure facilities of the Sumgayit chemical-industrial park. The cost of the two contracts amounted to 135.7 thousand manat. The company also developed the concept of High Technologies Park under the Ministry of Communications and High-tech on the island Pirallahi in Baku. -----08B