On June 13 President Ilham Aliyev signed a decree on establishment of an industrial quarter in Masalli.
The government is instructed to allocate a land plot of 10 hectares for the industrial activities of the quarter in 3 months. The industrial quarter will be managed by the state-run Azerbaijan Investment Company.
The Economy Ministry will take measures to create internal and external infrastructure of the Masalli industrial quarter and to provide the effective implementation of business activity.
In 2014 it was decided to establish an industrial quarter in the Neftchala district, where the necessary infrastructure is planned and the selection of residents is carried out.
Industrial quarters in regions of the country are to support small and medium enterprises in the industrial sector and the sustainable development of non-oil sector and to increase employment. -----08D
Economics
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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