President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of Yeni Agdag gypsum plant of “Metanet-A” company in Qaradagh district, Baku. Minister of Economy Shahin Mustafayev informed the head of state of low-interest loans given by the National Entrepreneurship Assistance Fund to entrepreneurs in Baku suburbs. He said a total of 430 million manats were allocated to nearly 2220 entrepreneurs in Baku suburbs. Of this, some 286 million manats were spent to establish 86 high-technology enterprises covering a variety of production areas, including transformers, electrical devices, food industry, construction material, petrochemical industry, bread plants, sewing factory, and logistics centers. These loans contributed to the creation of more than 26,000 jobs. In Qaradagh district, 100 entrepreneurs received 78 million manats in low-interest loans, which created over 3,700 jobs.

Head of “Metanet-A” Elkhan Bashirov informed the head of state of the company, which includes five plants. More than 800 jobs were created in these plants, with an average monthly wage of 600 manats. The President was informed of the company`s prospective projects, which include the construction of a drywall and mineral wool plant in Qaradagh, a limestone plant in Qazakh and an enriched quartz plant in Balakhani. A total of 105 million manats will be invested in the establishment of these plants, using state-provided low-interest loans. The plants will create a total of 1500 permanent and 500 seasonal jobs. The establishment of the plants will contribute to the creation of auxiliary production areas in Lerik, Absheron, Qaradagh, Qobustan, Dashkesan, Goranboy and Qazakh regions.

Yeni Agdag gypsum plant occupies an area of 4.4 hectares. The plant will manufacture gypsum-based construction material. The plant will have an annual production capacity of 400,000 tons. The National Entrepreneurship Assistance Fund allocated a 1.5 million low-interest loan for the construction of this plant.

President Ilham Aliyev viewed products to be manufactured by the plant. The facility will use mostly local raw material. Half of the plant`s products will be used to meet local demand, while the second half will be exported to Russia, Kazakhstan, Georgia, Turkmenistan, Iran and Ukraine.

The head of state viewed products manufactured by other plants of “Metanet-A” company.

President Ilham Aliyev launched Yeni Agdag gypsum plant, and then talked with its staff.

Then a picture was taken.