New resident registered in Pirallakhi Iindustrial Park

16:50 - 6.12.2023


December 6, Fineko/abc.az. Gen Pharma Caucasus Manufacturing Operations LLC, which has received the status of a resident in the Pirallakhi Industrial Park, will construct a pharmaceutical enterprise on the territory of the industrial park.

ABC.AZ reports with reference to the Agency for the Development of Economic Zones under the Ministry of Economy that the pharmaceutical company will produce 42 names of medicines on 7.8 hectares of the industrial park.

165 people will be employed at the enterprise with investment value of 59.3 million manats. The enterprise with annual production capacity of 50 million boxes will be built within trilateral cooperation between the Azerbaijani Investment Company and Turkish companies Gen Ilaç ve Sağlık Günleri Sanayi ve Ticaret A.Ş. and Sia Pharmaceuticals.

The Agency noted that the number of residents of Pirallakhi Industrial Park has reached 7.

Other news