Balakhany İndustrial Park

Balakhany Industrial Park was established by the Decree of the President of the Republic of Azerbaijan on “Establishment of Balakhany Industrial Park in Baku” dated December 28, 2011 in order to create favorable conditions for entrepreneurs and potential investors in the field of recycling. “Tamiz Shahar” JSC supervised by the Ministry of Economy has been appointed as a managing organization of Balakhany Industrial Park by Decree and 10.15 hectares of land have been allocated for the establishment of the park in Balakhany settlement. The purpose of the establishment of Balakhany Industrial Park is to expand the production of highly competitive industrial products based on high technologies, to improve the non-oil sector, including the development of “green economy”, to increase employment, and to improve the ecological situation in Baku and surrounding settlements.