TODAY.AZ / Business

Over $61m to be invested in structures privatized through investment competition

28 July 2006 [00:51] - TODAY.AZ
Through investment competitions Azerbaijan Committee on Management of State Property implemented privatization of Oguz Sharab, Siyazan Sharab, Salyan Plastik Kutle Refinery, Khanlar Agrosenaye, Baku Telegraph, Sumgait Production, Ganja Industry Equipment, Azerbaijan Hotel and Mingechevir Isolate.

The tender winners undertook to invest over $61m for restoration and development of production, application of new technologies and other provision of other services. Besides, the over 12,000 jobs were created in the enterprises privatized through investment tenders.

The committee told APA that the fulfillment of agreement undertakings by investors is monitored by the committee.


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