The Sumgait Chemical Industrial Park under Ministry of Economic Development was established by the Decree №548 of the President of Azerbaijan Republic on December 21, 2011. The main purpose of SCIP establishment is to ensure necessary enviroment for development of industrial production on the base of competitive and innovative high technology. Also SCIP aims to promote and support entrepreneurship and stable development of non-oil sector in the country and to increase occupancy of manpower recourses in production sphere. SCIP will offer foreign investors a modern approach to greenfield industrial development. The global development vision of SCIP is to become the chemical industrial centre of the Caucasus and Middle East region. Total Site Area: 167.66 ha. Ownership: public property. Location: 31 km from Baku (Azerbaijan) and near highway Baku-Russia. Infrastructure: Points of connection to utilities will be provided by "plug&play" system. Administration: "Sumgait Chemical Industrial Park" LLC under managament of Ministry of Economic Development Azerbaijan Republic. SCIP`s residents are exempted for 7 years from taxes below: - Corporate income tax, - Property tax, - Land tax, - VAT of imported equipments. The expansion of incentives portfolio is under consideration.