Last fiscal year, Egypt exported $1 billion worth of medicines, and we’re targeting an increase to $1.5 billion this year. By 2030, we expect to hit $3 billion in exports
Egypt has struggled with a significant medication shortage over the last few months, exacerbated by a foreign currency crisis that impacted pharmaceutical production and imports
Prime Minister Mostafa Madbouly revealed that the government has allocated EGP 10 billion to the Unified Procurement Authority (UPA) to stabilize the pharmaceutical market.
The government has assigned EGP 7 billion to address the shortage of medicines and medical supplies during a meeting on Friday
The request comes as companies struggle to cope with the recent increase in fuel prices, as well as the surge in import costs caused by the Egyptian pound's depreciation against the US dollar
