Russia will invest $30 million in vaccine labs at Ecuador’s ‘City of Knowledge’

Nov 14, 2016 | 0 comments

The Russian Federation has agreed to build a research and production center for vaccines and medicinal serums at the Yachay University research park, north of Quito. According to Ecuador Foreign Minister Guillaume Long, the Russian commitment is part of the country’s efforts to attract foreign investment.

chl long

Foreign Minister Guillaume Long

The new facility will develop and produce vaccines for the Latin American market, according to Long.

Long is in Russia to attend trade and economic development talks with other Latin American and Caribbean officials in Sochi.

The Russian laboratory and factory is the largest commitment to date for commercial operations in the new City of Knowledge associated with Yachay University. The Ecuadorian government is hoping to attract tech and bio-tech companies to the area in what it envisions as a Latin American version of Silicon Valley in California.

According to Long, the Russian labs will provide training to medical researchers in Ecuador and reinvest profits in new medical research projects. Russian project officials will visit the site of the new facilities in late November or early December to begin planning.

For more about the City of Knowledge, click here.

CuencaHighLife

Expat Community News

Dani News

Google ad

Veronica Arpi News

The Cuenca Dispatch

Week of February 25

Cuenca Finally Gets to Experience Van Gogh Like Never Before.

Read more

Ecuador lost just over a million hectares of forest formations in 38 years.

Read more

Drone Plants 1,500 Trees in 15 Minutes to Combat Deforestation.

Read more

Fund Grace News

Gypsy News

Hogar Esperanza News

FAAN News

Google ad

Subscribe to our newsletter

Cuenca High Life offers on-line publications, local translated news, and reports about the expat life and living in Ecuador. 

You have Successfully Subscribed!