The Nakhchivan Industrial Park was established by a presidential decree in 2024. Negotiations are already underway on several projects aimed at attracting potential investors and entrepreneurs to the new industrial park. Eight industrial parks are currently operating across the country: Sumgayit, Mingachevir, Garadagh, Pirallahi, Aghdam, Hajigabul and Balakhani industrial parks, as well as the Araz Valley Economic Zone Industrial Park. A total of 184 residents are registered across Azerbaijan’s industrial parks, with 101 companies already operating. As of July 1, 2026, goods worth 21.4 billion manats had been produced in the parks, including products worth 6.7 billion manats that were exported.