Investments in a trade and logistics center located between Dagestan’s cities of Makhachkala and Kaspiysk, which is being established with the participation of Azerbaijani investors, will total 10 billion roubles, Russian Deputy Minister of Economic Development, Alexander Tsybulsky, said at VII Azerbaijani-Russian Interregional Forum in Baku.
“This is a major investment project. Construction of about 144,000 square meters of logistic premises is planned,” specified Alexander Tsybulsky. According to him, realization of the project will allow to create up to 1,500 jobs.
As it was reported earlier, Azerbaijani Caspian Invest Group intends to build in Dagestan a greenhouse project, a logistics center and Azerbaijani Commerce Palace. The company plans to realize these projects over the course of 4 – 4,5 years.