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Investing in Chemical Industry of Azerbaijan

Being the regional leader in economic growth and ranked 1st among CIS countries in Global Competitiveness Report, Azerbaijan is witnessing a significant growth in the chemical industry alongside with energy, telecommunications and IT, construction, and agriculture. The Government succeeded in opening up economy for international businesses and introducing investment-friendly legislation. This is particularly attractive bearing in mind the geographic location of the country as the transportation hub for the Caspian region and Central Asia and the proximity of regional markets.

One of the current largest regional projects in operation in the area of chemical industry is Sumgait Chemical Industrial Park (SCIP) that was established by the Presidential Decree in 2011 and is under management of the Ministry of Economic Development of the Republic of Azerbaijan.

With area of 167.66 hectares, ongoing construction and infrastructure processes, 7-year-long tax exemption and many other benefits, the project has been attracting a lot of interest from outside of Azerbaijan, especially U.S. USACC members and non-members are welcomed and encouraged to explore the existing opportunities and the ways of getting involved in the project.

To learn more about the SCIP, investment opportunities and upcoming events, please contact Ms. Susan Sadigova by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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