If you have a revival in this sector, it is the economic development of the country.
Today, in addition to state-owned enterprises the private sector companies are also involved in construction industry. As a result, excellent construction industry has been formed in Azerbaijan. Many construction materials previously imported from abroad are now produced in local businesses. Even some parts of them are exported to foreign countries. A considerable part of the country's population is building their own business in this sector.
Implementation of social housing, mass reconstruction, will promote the development of entrepreneurship in the construction sector, as well as create new jobs. This situation also allows the use of local raw materials and provides the development of the building materials industry.
Sumgait Technologies Park (STP), being a multinational and republican industry developer, is one of the key suppliers in the country as a leading manufacturing center in the region.
Sumgait Technologies Park put into operation by President Ilham Aliyev on December 22, 2009 is a pioneer in the establishment of technology parks in the region, as well as is a complex of specialized factories distinguished by a different range of products. Currently, there are 12 factories and more than 30 production sites in the area of 250 hectares of Sumgait Technologies Park, which has increased its production capacity in a short time. The launch of these enterprises enable production of various high quality construction materials according to demands of consumers. Application of modern technology also leads to decrease of cost price in construction industry, high quality and import replacement.
In today's fast-paced economy of Azerbaijan, the production capacity of the enterprises and the competitiveness of products are defined as the essential conditions according to the market requirements. Addressing exactly this, today Sumgait Technologies Park has succeeded in ensuring the compliance of its production lines, including products and services with the latest standards and adopting new technologies in production processes.
Striving to fully meet customer satisfaction in its STP activities, it always attaches great importance to cooperation with its partner construction companies. Technopark, which is involved as a major supplier of construction and installation works in major projects like the State Flag Square, the Baku Crystal Hall, the Baku Olympic Stadium, SOCAR Tower, continuously offers its high quality and affordable products to the construction sector.