Company Selected for Engineering and Geological Work in Hajigabul Industrial District
2017 November 01 ( Wednesday ) 11:29:23
Baku / 01.11.17 / Turan: Azerbaijan Investment Company (AIC) has signed a contract with Geo-Qazma LLC for engineering and geological research in the Hajigabul industrial district, Fuad Maharramov, Deputy Executive Director of AIC, said.
To create a new industrial quarter in Hajigabul district, 20 hectares have been allotted. The government transferred these lands from agricultural to industrial. The tender procedure for engineering and geological research was held on October 20, and the contract was signed on October 24. The amount of the contract is not disclosed. In any case, its size is not more than 50 thousand manat.
Geo-Qazma LLC was established in January 2016 with the capital of 10 manat. The company"s activities are not publicly known.
The Hajigabul industrial district (ID) was established to support small and medium-sized businesses in the non-oil industry. To create the conditions for the ID operation, the Ministry of Economy was allocated 4 million manat from the state budget of 2017.
The decree of the President of Azerbaijan on the establishment of the Hajigabul ID was signed in July this year. The Neftchala and Masalli industrial districts also operate. ---- 08D