Azerbaijani President Ilham Aliyev signed a decree on measures to improve the management of industrial parks, industrial districts and agricultural parks on Jan.21.
According to the decree, on the basis of Sumgayit Chemical Industrial Park LLC, a legal public entity ‘Agency for the Development of Economic Zones under the Ministry of Economy of Azerbaijan’ is being created.
The agency will take measures in connection with the organization of the activities of industrial parks (except for the Balakhani industrial park), industrial quarters (except for those in the Nakhchivan Autonomous Republic) and agricultural parks, their management and development, including participation in measures to provide relevant state support.
The general management and control over the Agency will be exercised by the Supervisory Board of seven members. The current leadership will be provided by a Board of five members.
Four members of the Supervisory Board will be appointed by the Ministry of Economy, and the remaining three - by the Ministry of Agriculture, Azerishig OJSC and Azerbaijan Amelioration and Water Management OJSC (each one at a time).
According to the decree, on the basis of Sumgayit Chemical Industrial Park LLC, a legal public entity ‘Agency for the Development of Economic Zones under the Ministry of Economy of Azerbaijan’ is being created.
The agency will take measures in connection with the organization of the activities of industrial parks (except for the Balakhani industrial park), industrial quarters (except for those in the Nakhchivan Autonomous Republic) and agricultural parks, their management and development, including participation in measures to provide relevant state support.
The general management and control over the Agency will be exercised by the Supervisory Board of seven members. The current leadership will be provided by a Board of five members.
Four members of the Supervisory Board will be appointed by the Ministry of Economy, and the remaining three - by the Ministry of Agriculture, Azerishig OJSC and Azerbaijan Amelioration and Water Management OJSC (each one at a time).
