Azerbaijan Investment Company has signed a memo of understanding with Det.Al Holding Limited group of companies.

According to a source from AIX, the document was signed for the purpose of cooperation in the project of construction of a steel mill in Ganja.
The sides reached an agreement on creation of an operating company.
AIC share in this company provided that it does not exceed 25% will be defined following preparation and introduction of the business plan of the project.
It should be noted that the producing capacity of the plant will make 1 mln tons per year.
/Day.Az/