TODAY.AZ / Business

Minister says industrial zones helped boost production in 1H2021

12 July 2021 [17:30] - TODAY.AZ

By Azernews

By Ayya Lmahamad

Azerbaijan’s Economy Minister Mikayil Jabbarov has said that companies operating in the country’s industrial zones increased production by 38 percent to AZN 824 million ($484.7M) year-on-year in the first half of 2021.

In a Twitter page on July 12, the minister stated that during the reported period, the companies operating at these zones exported products worth AZN 268 million ($157.6M).

Moreover, Jabbarov underlined that so far, products in the amount of AZN 4.2 billion ($2.4bn) have been produced in the country’s industrial zones, while products valued at AZN 1.1 billion ($647M) have been exported.

"Industrial zones are an advantageous mechanism for the development of the non-oil sector," the minister added.

Earlier, the minister stated that exports of non-oil industry products raised by 40.1 percent in the first half of the year. In addition, the total exports grew by 14.8 percent, while the non-oil products export by 27.1 percent.

URL: http://www.today.az/news/business/207886.html

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