16:10 - 15.08.2023

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Diamed Development Group LLC is a pharmaceutical plant established in Azerbaijan's Pirallahi district. The plant with a territory of one hectare consists of a covered area of 3,000 square meters.

ABC.AZ reports that Azerbaijan Investment Company OJSC also took part in financing the construction of this medicinal plant.

The share of the Azerbaijan Investment Company in the Diamed pharmaceutical plant with a total value of more than AZN 15.6 million is 20%.

To implement the project, the Entrepreneurship Development Fund of the Ministry of Economy provided a preferential loan for AZN 6 million. Thanks to the investment promotion document issued by the Ministry of Economy as part of other state support for entrepreneurship development, the enterprise received AZN 1.3 million for the import of equipment.