President Ilham Aliyev ordered on 25 January to extend the territory of Sumgait Chemical Industrial Park (SKHPP) to 17.75 hectares.
The document instructed the Cabinet of Ministers, the Ministry of Economy, the State Committee for Property Affairs, the State Oil Company, JSC Azerenergy and the Executive Power of Sumgait within three months to ensure the transfer of the land area of 170.75 hectares. This area is located at the 37th km of the Baku-Guba highway.
The decision was made in order to encourage private investment in priority areas of industrialization, and to increase of employment in the manufacturing sector.
SKHPP was established in December 2011. At its disposal it has 295.62 hectares of land, including 192 hectares of an industrial zone. The park has 9 Sumgait residents, of which today only one is engaged in productive activity - LLC Azertekhnoline. ---08D
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