Production value of Baku Shipyard more than triples

Production value of Baku Shipyard more than triples In the first half of 2024, the production value of Baku Shipyard LLC more than tripled year-on-year to 25 million manats ($14.7 million), Report informs, citing the Economic Zones Development Agency of Azerbaijan’s Economy Ministry.
Industry
September 5, 2024 20:09
Production value of Baku Shipyard more than triples

In the first half of 2024, the production value of Baku Shipyard LLC more than tripled year-on-year to 25 million manats ($14.7 million), Report informs, citing the Economic Zones Development Agency of Azerbaijan’s Economy Ministry.

The plant is a resident of the Garadag Industrial Park under the management of the agency. Currently, 722 people are provided with permanent jobs there.

The enterprise has saved more than 73 million manats ($42.94 million) since 2015 thanks to import VAT and customs concessions applied in the park.

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