Azerbaijan, Türkiye to build pharmaceutical factory in Azerbaijan From imports to production

Azerbaijan Investment Company OJSC and Turkish company Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret A.S. will build a pharmaceutical production plant in Pirallahi Industrial Park. The initial annual production capacity of the plant will be 35 million units.

The press service of the Ministry of Economy told Caliber.Az that Economy Minister Mikail Jabbarov stressed at the ceremony timed to this event that thanks to the efforts of Presidents of Azerbaijan and Türkie Ilham Aliyev and Recep Tayyip Erdogan, relations between the brotherly states have reached an unprecedented level of strategic partnership. The high level of political ties between the countries determines the strengthening and development of ties between business circles, and the successful implementation of joint initiatives.

The minister emphasised that the development of modern infrastructure plays an important role in the formation of necessary conditions for the reliable protection of the health of the population of Azerbaijan.

A wide range of privileges and preferences are applied in the Pirallahi Industrial Park created for the development of the pharmaceutical industry.

Implementation of the project on construction of the plant will allow reducing dependence on imports - the needs of the population in a number of pharmaceutical products will be met by local production. The plant will produce pharmaceuticals in various dosages and packages - a total of 100 types of products under 42 names. The initial investment cost of the project is $35 million, and more than 100 people will be permanently employed.

Chairman of the Board of Directors of Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret A.S. Abidin Gulmus signified his satisfaction with the company's activity in Azerbaijan and expressed confidence that the joint project on the production of medicines will contribute to the well-being of the peoples of our countries.

AIC Executive Director Ulvi Mansurov offered information on the plant's construction project and noted that its implementation in our country will contribute to meeting the demand for pharmaceutical products, significantly reducing dependence on imports.

In the future, it is planned to supply medicines to the countries of the region under the Made in Azerbaijan brand.