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A foreign investment plan visited by members of the Provincial Investment Services Center

A foreign investment plan visited by members of the Provincial Investment Services Center

Author: SuperUser Account/Monday, December 3, 2018/Categories: En-News

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Following periodic visits and for strategic monitoring of the implementation of foreign investment projects,members of the Provincial Investment Services Center visited foreign investment plan of the Alcoholic Drug Company of Azerbaijan.According to Public Relations of Directorate General of Economic and Financial Affairs of Ardabil Province, while observing the current status of the plan and providing a summary report of the investor regarding the process,participants discussed and investigated the obstacles and problems of the project and providedthe necessary advice and counseling.

Director General of Economic and Financial Affairs of Ardebil Province said: “The company's investment plan for medical and industrial alcoholproduction is implementing in the second industrial towns of Ardabilprovince in an area of ​​4400 meters,with 100% of foreign participation,a capital investment of $ 2 million, and 90% of physical progress. If completed and operated,this project will produce about 5,400 tons of medical and industrial alcohol annually, it will provide employment for up to 80 people, and will boost export of the province.

“Necessary measures and follow-ups taken by the Provincial Investment Services Centerfor issuing foreign license and this process is in its final stage.” Dr. Mozaffari added.

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