The company "As Istehsal," which is affiliated with businessman Shahin Movsumov, has been granted resident status in the Agdam Industrial Park, bringing the total number of residents in the park to 19. Minister of Economy, Mikayil Jabbarov, made this announcement. The company plans to establish a construction materials production complex within the industrial park, with an investment value of 5.4 million Manats. This project is expected to generate employment opportunities for 95 individuals. "As Istehsal" operates as part of the "AS Group Investment" holding, and its ownership is linked to Shahin Movsumov, who is the brother of Shahmar Movsumov. Shahmar Movsumov serves as an assistant to the President and holds the position of Head of the Department of Economic Issues and Innovative Development Policy within the Presidential Administration.

Source: Turan News Agency