A new enterprise with at least 150 jobs to open in Pirallahi

13:04 - 17.12.2021


December 17, Fineko/abc.az. The Azerbaijani Ministry of Economy has held a meeting with the delegation of Turkish holding company Demiroren.

ABC.AZ was informed at the Ministry that issues of expanding cooperation with the holding, as well as the signing of a Memorandum of Understanding in the field of pharmaceuticals were discussed at the meeting.

Then the Memorandum of Understanding was signed between the Ministry of Economy and Demiroren Holding. The document was signed by Economy Minister Mikail Jabbarov and Demiroren’s chairman of board Yildirim Demiroren. The Memo stipulates the organization of production and sale of pharmaceutical products by creating a joint venture in Azerbaijan.

For the construction of the enterprise, it is planned to allot an appropriate territory in the Pirallahi Industrial Park, participate in the project of an Azerbaijani investment company and open new jobs, including with the involvement of local residents for at least 150 jobs.

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