Introduction of the latest developments of the Republic of Azerbaijan to official representatives accredited in Baku: trip to Sumgayit city

The trip, organized for direct familiarization with Sumgayit's development, was attended by over 60 representatives of diplomatic corps operating in the country.
Foreign diplomats got familiarized with the Socar Carbamide and Socar Polymer plants in Sumgayit Chemical Industrial Park, and also visited the Sumgayit Drama Theater, the Chemist's Palace of Culture and the Heydar Aliyev Center, the chess school and the art school for children, Sumgayit Boulevard and the Flag Museum.

Head of the Sumgait city executive power Mr. Zakir Farajov said that the Sumgait Chemical Industrial Park is one of the biggest industrial parks in the South Caucasus. As many as 18 enterprises with a total investment of more than $ 2.8 billion were granted resident status at Sumgait Chemical Industrial Park. 

Presently, SOCAR carbamide plant is the biggest project in the country, implemented in the non-oil sector. Its total cost is about 800 million euros. At the initial stage, the project was financed through the funds allocated from the state budget. During the construction of the plant, a number of international banks, including South Korean Export-Import Bank (KEXIM), Societe Generale (France), Deutsche Bank (Germany) and UniCredit (Austria), allocated funds in the amount of 500 million euros through the state guarantees.

Mr. Mircea Ciopraga, Secretary General of the PS IGC TRACECA had convenient opportunity for the exchange of opinions with various representatives of the relevant authorities, located in the Sumgayit city.