TODAY.AZ / Business

Foreign companies intend to invest in Azerbaijan's medical sector

11 February 2016 [16:11] - TODAY.AZ

/By Azernews/

By Amina Nazarli

Foreign companies have voiced their willingness in investing in the production of medical equipment in Azerbaijan.

This statement was made by General Director of Turkish-American Medical Centre clinic and Board Member of the Confederation of Entrepreneurs of Azerbaijan Ramiz Aliyev.

The companies have taken interest in manufacturing medical equipment in the country at different business forums held by the Azerbaijani Fund Export and Investment Promotion AZPROMO and the Economy Ministry, he added.

“We met with representatives from Saudi Arabia, Poland and India," Aliyev said. "We have been in the World Hearing Center in Poland, which is desiring to cooperate with us,” Aliyev said.

Medical equipment market opens huge opportunities for investors, as the country imports the medical devices from the U.S., Germany, Japan, France, Russia, and Turkey. Reportedly, Russian and Turkish firms provide lower-cost equipment, which has resulted in an increasing popularity of these equipment and supplies in the local market.

Aliyev believes the cooperation with foreign clinics and companies can be made in different directions.

“The cooperation can be implemented both in the purchase of equipment and the establishment of joint enterprises. It is also possible to exchange experiences between staff. Up to 2008, for instance, some of our doctors worked in Saudi Arabia. Arabs again want to invite Azerbaijani doctors and medical staff,” he noted.

Today, Azerbaijan with a growing population, constituting more than 9.6 million people,

makes many efforts, spending millions of manats for the development of its healthcare sector.

Increasing number of new medical institutions and departments make it necessary to provide them with modern equipment, that’s why the country is very “fertile ground” for global investors in the health sector.

Annual international exhibition held in Baku by Iteca Caspian, the organizer of many largest exhibitions in the Caspian region, also attracts many leading manufacturers of medical devices, equipment and medicines, as well as professionals working in the field of aesthetic medicine.

Recently, Russia and Iran have offered to produce medicines in Azerbaijan.

Iran, which made great progress in health care, has discussed the possibility of cooperation in production of medicines by establishing an enterprise in Azerbaijan.

Azerbaijan’s medicine market by 97 percent depends on imported products, and some 57 percent of them come from Europe, 26 percent from the CIS countries, and 12 percent from Russia. The small proportion is produced in Asian countries.

URL: http://www.today.az/news/business/147765.html

Print version

Views: 1769

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: