17:44 - 4.07.2023

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July 4, Fineko/abc.az. A joint venture between Azerbaijan and Thailand will be established in the Pirallakh Industrial Park.

ABC.AZ reports that according to the Economic Zones Development Agency, a new resident has been registered in the industrial park under the Agency's jurisdiction - Supreme Pharmatech Azerbaijan LLC. Thus, the number of residents of the industrial park has reached 6.

"A joint company - Supreme Pharmatech Azerbaijan LLC will build an enterprise for the production of biologically active food additives and medicines on the territory of an industrial park with an area of 2.5 hectares. It is planned to provide 56 people with permanent work at the enterprise with an investment volume of AZN 8.3 million," the Agency says.

In addition to selling these products on the domestic market, it is planned to export them under brand "Made in Azerbaijan".