BAKU: Entrepreneurs have invested a total of 46.1 million manat ($27.1 million) in the Neftchala Industrial Quarter, with plans to inject an additional 14.4 million manat ($8.4 million) into ongoing projects, Head of the Press Service at the Agency for Economic Zone Development under the Ministry of Economy Elchin Kazimov told Trend.

According to Trend News Agency, the industrial quarter has produced goods valued at more than 180 million manat ($105.8 million) to date. Exports have contributed significantly, accounting for 1 million manat ($588,000) of the total production value.

The industrial quarter has generated products worth 30 million manat ($17.6 million) over the first nine months of 2024. Currently, residents of the Neftchala Industrial Quarter have invested 46.2 million manat ($27.1 million), resulting in the creation of approximately 290 permanent jobs. The upcoming phase is set to create over 200 additional jobs through the development of existing projects.