A transformer production project will be implemented by the new resident of the "Araz Valley Economic Zone" Industrial Park.
The representative office of the UAE-based 'SENSEMI DMCC' company in Azerbaijan has been granted resident status in the “Araz Valley Economic Zone” Industrial Park, which is managed by the Economic Zones Development Agency under the Ministry of Economy.
The new resident will establish a transformer manufacturing facility on a 2-hectare area within the Industrial Park. The plant, which will utilize modern equipment, is expected to produce 3,000 units of transformers annually. The investment value of the project is approximately ₼17 million.
It should be noted that currently, 18 business entities with an investment portfolio of ₼140 million are registered as residents, and 3 entrepreneurs as non-residents in the “Araz Valley Economic Zone” Industrial Park.
