Azerbaijan unveils ambitious investment plans for liberated territories

Azerbaijan has put forward a range of pioneering investment initiatives for its recently liberated territories, aiming to revitalise regions that have endured prolonged occupation, Azernews reports.

Among these ventures is a leading project to establish a modern facility producing decorative porcelain kitchenware. This state-of-the-art plant, estimated at 25 million manats (around $14.7 million), is projected to manufacture an impressive 18 million units annually.

Another significant proposal involves the construction of a sanitary ware manufacturing facility with an investment of 20 million manats ($11.8 million). This initiative addresses a critical shortfall in Azerbaijan's domestic market, where currently all sanitary ware is imported. In 2022 alone, imports totaled $20 million.

Located in the Aghdam Industrial Park, a new facility is slated for the production of personal hygiene products. With an investment of 17 million manats ($10 million), this project will utilise local raw materials and meet local demand, thereby reducing dependence on imports and stimulating domestic industry.