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Monday, 25 September 2017 11:30

Cars of different brands to be produced at Neftchala Industrial District

Cars of different brands to be produced at Neftchala Industrial District

Construction of the car manufacturing plant at the Neftchala Industrial District will create favourable opportunities for the development of auxiliary production and service sites, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of the President of the Republic of Azerbaijan. Yesterday, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of the Neftchala Industrial District. The annual production capacity of the joint Azerbaijan-Iranian plant will be 10,000 cars per year. Iran Khodro owns a 25-percent participating interest in the company. The plant to be provided with modern technologies, equipment and mechanisms will produce cars of such models as Runna, Samand, Soren, Dena, Peugeot 206, Peugeot-207, Renault- Tondar, Renault-Pickup. It stands to mention that four thousand cars of these models have already been sold in the local market. It is planned to export two thousand cars a year. Two million manats were saved due to the Investment Promotion Document issued to the company with a total investment cost of 24 million manats. Thecompanywillprovide300 personswilljobs.

The participants of the industrial district invested 45.3 million manats in the construction of production sites. A total of 474 permanent jobs were created in the industrial district. The head of state directly acquainted with the production buildings and the companies working here.

More details: http://www.president.az/articles/25305 

Person in charge of the newsline: Fidan Isayeva 

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