Balakhani In­dus­trial Park is suc­cess­ful ex­am­ple of pub­lic-pri­vate part­ner­ship

Azer News - - Business - By Rashid Shiri­nov

The Balakhani In­dus­trial Park is a suc­cess­ful ex­am­ple of part­ner­ship be­tween the state and the pri­vate sec­tor in Azer­bai­jan. Ex­pert and econ­o­mist Fuad Al­izade made the re­mark dur­ing a press tour to the in­dus­trial park or­ga­nized by Azer­bai­jan’s Econ­omy Min­istry on June 2.

The par­tic­i­pants of the press tour got ac­quainted with the im­prove­ment work car­ried out in Balakhani set­tle­ment by the Tamiz Sha­har OJSC, vis­ited the land­fill for solid do­mes­tic waste dis­posal, as well as plants for sort­ing and in­cin­er­a­tion of solid do­mes­tic waste.

“We see how lo­cal pro­duc­ers set up pro­duc­tion at min­i­mal costs with the sup­port of the state. This is a suc­cess­ful ex­am­ple of pub­lic-pri­vate part­ner­ship. The state sup­ports the de­vel­op­ment of pri­vate sec­tor. Ev­ery­one wins from it. Com­pa­nies de­velop, pay taxes to the state bud­get, in­dus­trial pro­duc­tion grows and new jobs are cre­ated,” Al­izade said.

Chair­man of the Cen­ter for Eco­nomic and So­cial De­vel­op­ment of Azer­bai­jan, ex­pert Vu­gar Bayra­mov, in turn, told re­porters that the cre­ation of in­dus­trial parks, such as the one in Balakhani, pro­motes in­dus­trial de­vel­op­ment in Azer­bai­jan, im­port sub­sti­tu­tion and pre­vents the out­flow of for­eign cur­rency from the coun­try. He added that the ac­tiv­ity of in­dus­trial parks con­trib­utes to the open­ing of new jobs.

The Balakhani In­dus­trial Park was cre­ated upon Pres­i­dent Il­ham Aliyev’s de­cree dated De­cem­ber 28, 2011. The open­ing of the Park was held on Septem­ber 22, 2017. The man­age­ment com­pany of the Balakhani In­dus­trial Park, hav­ing an area of 7 hectares, is Tamiz Sha­har OJSC.

Cur­rently, the num­ber of the Park res­i­dents is 11. Five en­ter­prises are al­ready op­er­at­ing, and six more will start in the near fu­ture. The five res­i­dents are en­gaged in re­cy­cling of used motor oil, waste plas­tic bot­tles, pa­per and card­board prod­ucts, waste plas­tic ma­te­ri­als and sponge waste.

The vol­ume of in­vest­ments the res­i­dents made in the Park is $18.8 mil­lion, and about 400 per­ma­nent jobs were cre­ated there at the first stage.

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