Turkish holding to get 50 ha of area in Pirallahi industrial park

The Turkish holding Demirören, wishing to invest in the sale and production of pharmaceutical products in Azerbaijan, will be provided with an area of 50 hectares in the Pirallahi Industrial Park under the Economy Ministry, Report informs citing foreign media outlets.

The report says that the Azerbaijani Investment Company, owned by the ministry, will take part in this project. The investment project reflects the implementation of joint educational programs with local universities.

A Memorandum of Understanding (MoU) on the project was signed on December 6, 2021.