EconomyNovember 11, 2026
Uzbekistan and Azerbaijan to build a $117.7 million packaging plant in the Alat free economic zone
The Azerbaijan Uzbek Investment Company (AUIC) and the Azerbaijan Business Development Fund will build a packaging film plant in the Alat Free Economic Zone together with India's UFlex Group. The documents were exchanged in Baku at the 2nd Azerbaijan International Investment Forum, with President Ilham Aliyev present. Uzbekistan's national news agency UzA reported it on 11 November.
The project is worth $117.7 million in total. The plant will occupy 4.7 hectares in the Alat zone and is designed to turn out 60,000 tons of packaging products a year. It is at the pre-construction stage, and much of the output is meant for export.
UzA says 23 agreements worth $10.8 billion were signed at the forum in all, covering artificial intelligence, renewable energy, industry and finance.
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