Gold and Silver

A gold processing unit with foreign capital of 1.4 million euros and 833.333 dollars in gold plating

A gold processing unit with foreign capital of 1.4 million euros and 833.333 dollars in gold plating
Mining News Pro - Chairman of the West Kazakhstan Industry, Mine and Trade Organization said that an imminent impending visit by the president to the governorate will involve a gold processing unit with foreign investment in Ivughli, Khoy province.
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According to Mining News Pro -The investment volume of the project is estimated at 1.4 million euros and will run directly for employment for 81 people.

He said that with the implementation of this project, which will have significant added value, gold from the northern province will be prevented and the downstream industries of gold and jewelry will expand in this area.

He said 17 industrial units with $ 40 million in foreign investment are operating in the province and four foreign investment projects worth approximately $ 127 million are being invested in Germany, Canada, Iraq and Turkey.

He added that the main foreign investors in the production units of the province are from the citizens of China, Turkey, India, Iraq and the Republic of Azerbaijan, and most of the products of these units are related to household appliances, all types of doors, furniture and office, appliances and parts Automobile, mineral industry and PVC panels.

At present, there are 2,288 industrial units with an investment of 1,270,524 dollars and with jobs for 58,721 people in the province; the activities of large industrial units in the province such as petrochemicals, cement, tractor, machinery, trailers, and Containers and the manufacture of medical goods have boosted the province`s economy.

According to experts, there are technological areas for creating advanced capital and knowledge base in the fields of nanotechnology, microelectronics, micro engineering, robotics, air and space and biotechnology in West Azerbaijan.


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