A lift and escalator manufacturing facility will be established in the Aghdam Industrial Park.
The Azerbaijan-China joint venture “Fujiai Azerbaijan” LLC has been granted resident status in the Aghdam Industrial Park, which is managed by the Economic Zones Development Agency under the Ministry of Economy. The new resident will establish an elevator manufacturing facility on a 1-hectare area within the Industrial Park. The investment value of the project is ₼3.7 million.
The enterprise, which will utilize advanced Chinese technologies, is expected to produce 1,200 elevators annually. In the next phase, the company also plans to implement an escalator production project within the Industrial Park.
It should be noted that currently, 29 business entities with an investment portfolio of ₼270 million have been registered as residents, and 4 entrepreneurs as non-residents in the Aghdam Industrial Park.
