17:50 - 12.05.2026

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May 12, Fineko/abc.az. Baku International Tobacco LLC has been granted the resident status in the Araz Valley Economic Zone Industrial Park, which is managed by the Economic Zones Development Agency.

ABC.AZ informs that according to the Agency, within the project, it is planned to organize the manufacture of tobacco products on the territory of the industrial park. The investment cost of the project is 47 million manats. The manufactured products will be intended for both the domestic market and export.

20 business entities have been granted the resident status in the Araz Valley and and 3 entrepreneurs - the non-resident status: "Entrepreneurs have already invested more than 48.3 million manats and created over 130 jobs as part of ongoing projects."