News

Send To Friend
Gamea meets medical industries export council via video conference
10 August 2020  -  Sector :  -  Entity :  -  Category : General

Other Titles

The meeting explored means of developing industries related to the sector and boosting its exports especially to African and Arab markets.

Cairo- August 10, 2020

Minister of Trade and Industry Nevine Gamea has held a virtual meeting with members of the Egyptian Export Council of Medical Industries (ECMI) to explore means of developing industries related to the sector and boosting its exports especially to African and Arab markets.

“We are keen on developing the pharmaceutical sector, which is a key pillar of the economy, to cover the needs of the local market and increase export rates,” Gamea said.

The minister asked the council to prepare a broad outline for the new subsidy program for exports of medical, and pharmaceutical products to be submitted to the ministry.

Magued George, head of the ECMI, pointed out that the council aims to double its exports over the next three years, noting that medical exports hit $540 million in 2019; and their top markets include: Saudi Arabia, Yemen, Sudan, the UAE, Iraq, Morocco, Jordan, Libya, Lebanon and Germany.

He added that that there are 270 companies in Egypt operating in this field, with total exports amounting to $50 million during the first 6 months of the year.

Add new comment
Name*
Email
Comment body*
(0) Comment(s)