AZN 5mn delivered to State Budget through investment competitions for privatization

As APA reports, Oguz Sharab, Siyazan Sharab, Salyan Plastik Kutle Refinery, Khanlar Agrosenaye, Baku Telegraph, Sumgait Production, Ganja Industry Equipment, Azerbaijan Hotel and Mingechevir Isolate, Dashkesan Ore-Processing, Moscow Hotel were privatized through investment tenders.

Tender winners undertook to invest over $61mn for restoration and development of production, application of new technologies and provision of other services.the agreements envisages investment of USD 453mn and creation of 4 105 jobs. Over $8mn has already been invested in the past period.

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