Sağlık Ürünleri Sanayi ve Ticaret A.Ş" company of Turkey, a new factory based on advanced technologies will be built in the area of Pirallahi Industrial Park, with an annual production capacity of 35 million boxes at the initial stage.
A Partnership and Joint Participation Agreement was signed between "Azerbaijan Investment Company" OJSC (AIC) and Turkish company "Gen İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş."
Minister of Economy Mikayil Jabbarov, making a speech at the event organized in this regard, pointed out that Azerbaijan-Turkey brotherhood, friendship, close cooperation and strategic alliance relations are at the highest peak today as a result of the tireless efforts of our heads of state, Mr. Ilham Aliyev and Mr. Recep Tayyip Erdogan. The high level of political relations creates a solid foundation for the strengthening of business activities, and joint initiatives are successfully implemented.
The minister mentioned that the establishment of a modern infrastructure that allows reliable provision of the health of the population in Azerbaijan is of great importance. A number of concessions are applied in the Pirallahi Industrial Park, which was created for the purpose of developing the pharmaceutical industry in our country. After the construction of a pharmaceutical factory is realized in Pirallahi Industrial Park between the Azerbaijan Investment Company and the Turkish company "Gen İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş.", which specializes in the field of drug production, the demand for a number of pharmaceutical products in the country will be met through local production and dependence on imports will be reduced. It is planned to produce a total of 100 types of products with different dosages and packaging under 42 names at the plant. The initial investment cost of the project is 35 million dollars, and more than 100 permanent jobs will be created within the framework of the project.
Chairman of the Board of Directors of "Gen İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş" Abidin Gulmuşh expressed his satisfaction with the activities of the company he represents in our country and expressed his confidence that the joint project related to the production of medicines will contribute to the well-being of our people.
Executive Director of "Azerbaijan Investment Company" JSC Ulvi Mansurov informed about the construction project of the drug production plant and said that the plant will be important in meeting the demand for pharmaceutical products in our country and reducing dependence on imports.
Chairman of the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis, Tahir Mirkishili, and Chairman of the Health Committee of the Milli Majlis, Ahliman Amiraslanov, informed about the measures implemented in the direction of protecting the health of the population in our country, as well as the favorable regulatory and legal framework created for foreign investors.
A video about the drug production facility to be established in the Pirallahi Industrial Park was demonstrated at the event.
Then a Joint Participation Agreement was signed between AIC and "Gen İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş" company. According to the document, a pharmaceutical production plant will be established with an area of 11,500 m2 and an annual production capacity of 35 million boxes at the initial stage together with the Turkey's company GEN İlaç ve Sağlık Ürünleri A.Ş. It is planned in the future, to export medicines under the "Made in Azerbaijan" brand to the countries of the region.
