Holdipharma welcomes the establishment of a production facility dedicated for production of raw materialsDr. Adel Abdel Halim "Head of Holdipharma"announced:
"A good step needed for the advancement of the pharmaceutical industry"
06/17/2014 –at, 19:29
Guided by the attention of President of the Republic of Egypt towards the pharmaceutical industry; Dr. Adel Abdel Halim Chairman of the Holding Company for Pharmaceuticalsis welcoming for the establishment of a dedicated facility for the production of raw materials confirming on that it is a good step,previously advocated by the Drug holding company long time ago,for the advancement and upgrading of the pharmaceutical industry and maintaining the Egyptian national security concerning fulfilling all the pharmaceutical production's needs with all its inputs.
Dr. Abdul Halimannounced to "SadaElbalad" that Egypt is in disparateneed for more than one facility for the production of raw materials, and declared that the total cost to establish one facility for this specialized manufacturing, cannot be totally financed by Egypt itself, demanding that this investment should be planned to be shared with other foreign parties and to be on the top priority of the next investment's planof the country in the coming period.
Mr. Chairman of the Pharmaceutical Holding Co. assured on that: this kind of mass-productionwhich is producing raw materials will not only cover the local market, but also for the adequacy of the surrounding countries, that will encourage the export to all over the world in order to preserve this industry from achieving losses.
Mr. Chairman of the Pharmaceutical Holding Co.also declared that: thesetupof these facilities for the production of raw materials will contribute in providing the Egyptian pharmaceutical facilities with its needs from these customized materials used as primary materials for the manufacture of drugs rather than importing it from abroad, that's to say; we will savethe foreign currency from getting out of the country, which is used now to import these raw materials.
Mr. Chairman also appealed for both theHealth and Investment Ministers to sit together to think about a strategic plan of how to encourage the awaited foreign investors who were scheduled their arrival in Egypt during the coming period to invest in the field of raw materials for the sake of drug industry.