40 percent of Egyptian medicine companies for sale

Egyptian Minister of Public Works Atef Ebeid, said it was decided to put 40% of the shares in the Egyptian medicine companies and companies manufacturing medicine bottles for sale to a main investor starting next month.

Dr. Galal Ghourab, chairman of the Holding Company for Medicines, has confirmed that companies in the medical field that were privatized have accomplished a development rate of 83%.

Dr. Ghourab said Egypt seeks to increase its medicinal exports to LE 500 million over the next two years.