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Bağla

AS Group Invest Holding Creates Specialized Agricultural Company
Economics 


2017 November 10 ( Friday )  11:25:54
Print version
Русский Azərbaycan

Baku // Turan: The group of companies AS Group Invest has established a new company that will implement a project to create the largest agricultural economy in the Absheron peninsula.

According to the Ministry of Taxes, Absheron Agropark LLC was registered. The legal address of the company is Baku, Druzhba Narodov Avenue, 11B. The head of the company is Tural Seyidov, who also runs the holding.

The company started construction of the agricultural park in 2016. To this end, another company was established, AS Agro Co LLC.

The complex is located in the village of Hovsan in Baku, on the site of a former poultry farm. The territory of the complex is 434 hectares, according to AS Group Invest. Here earlier the company planned to build a housing complex http://www.asgroup.az/uploads/files/hovsan.pdf of 320 residential buildings and other socio-cultural facilities. The first phase of the project was estimated at EUR 240 million.

Now the holding"s plans have changed. On the territory of 330 hectares a greenhouse farm is created http://www.asgroup.az/projects/current,75/lang,ru/. At the same time, the company plans to implement this idea with the participation of small and medium-sized businesses. At the first stage, a greenhouse with an area of ​​12 hectares is being built.

Agropark will have an industrial area of ​​24 hectares, which will cover various functional facilities. These functional facilities will be able to service greenhouses located within the complex, as well as in nearby villages and towns. -0----

LLC AS Group Invest was founded by Isolda Movsumova in 2011. Currently, its sole shareholder is Shahin Movsumov, the brother of the executive director of the State Oil Fund of Azerbaijan. The group includes several construction and manufacturing companies located in Azerbaijan, Georgia, Russia and other countries. ------08B