12:32 - 10.06.2025

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June 10, Fineko/abc.az. Qarabike LLC has been awarded the status of a resident of the Aghdam Industrial Park, which is under the jurisdiction of the Economic Zones Development Agency (under the Ministry of Economy).

ABC.AZ reports that the bicycle manufacturing project on the territory of the industrial park will be implemented by a recently registered resident. The investment cost of the project is 8.6 million manats.

At the initial stage, the company, which will use advanced Chinese technologies, will produce more than 44,000 bicycles a year, and at the next stage it is planned to increase the annual production capacity to 70,000.

Currently, 28 business entities in the Aghdam Industrial Park have resident status, and 4 entrepreneurs - non-resident status. Entrepreneurs have invested more than 115 million manats in the work carried out in the industrial park and created more than 650 permanent jobs.