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Ikarus Signs MoU With Azeri Company

Deals

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Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság.

The agreement concerns the construction and operation of the Ikarus factory to be established in the Karabakh region.

A service center is also planned.

The project is part of the Hungarian bus manufacturer's global expansion strategy.

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