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Azerbaijan’s President issues decree on establishment of High Technologies Park

05 November 2012 16:37 (UTC +04:00)

Under the decree, High Technologies Park will be established in Sumgayit city, with the view of ensuring sustainable economic development, increasing competitiveness, enhancing information and communication technologies based on modern scientific and technological achievements, conducting scientific studies and establishing modern complexes on the development of new information technologies.
High Technologies Park will have infrastructure, material-technical basis and management structures necessary for conducting studies in information and communication technologies, telecommunication, space, energy efficiency, developing new and high technologies.
With the view of organizing and managing the activity of the High Technologies Park, High Technologies Park LLC will be founded under the Ministry of Communication and Information Technologies.

30ha land plot will be allocated for the park from the territory of Superphosphate Plant under "Azerkimya" Production Unit of the State Oil Company of Azerbaijan Republic.