12:47 - 17.10.2024

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October 17, Fineko/abc.az. The sale of a property complex (located at add: Baku city, Garadagh district, Salyan Highway, 23rd km, 8X) took place through an investment competition.

ABC.AZ reports that according to the State Service for Property Issues, the company specializes in production of diapers and napkins.

In September 2024, the competition commission opened the envelopes submitted by the applicants, evaluated the proposals and Rafa Group LLC was declared the winner of the investment competition, offering more favorable conditions.

According to the purchase and sale agreement signed with the winner of the competition, the investor must transfer 15,000,000 manats to the State Budget, and within 5 years complete an investment program in the amount of 10,800,000 manats at the enterprise.

At that, as part of the investment program, at least 70 jobs are to be created at the enterprise.