Egyp­tian-Le­banese part­ner­ship for es­tab­lish­ing medicine fac­to­ries

BioSpectrum (Asia) - - World News -

Egyp­tian Health Min­istry will sign a new agree­ment with the Le­banese Health Min­istry over es­tab­lish­ing medicine fac­to­ries in a part­ner­ship be­tween in­vestors from the two coun­tries.

Min­is­ter Ahmed Emad Ed­din met with his Le­banese coun­ter­part Ghas­san Has­bani to for­mu­late the fi­nal form of the co­op­er­a­tion agree­ment, on the side­lines of the Arab Health Eco­nomic Fo­rum, or­ga­nized by the Arab Hos­pi­tals Fed­er­a­tion, in Beirut.

The agree­ment in­cludes open­ing new medicine fac­to­ries by Egyp­tian and Le­banese in­vest­ments in ad­di­tion to ex­pand­ing the en­trance of phar­ma­ceu­ti­cal prod­ucts and med­i­cal re­quire­ments to Le­banese mar­kets. The Le­banese mar­ket is one of the main in­ter­na­tional tar­geted ones for Egyp­tian ex­porters, es­pe­cially that Le­banon has the high­est ex­pen­di­ture rate on medicine across the Arab coun­tries. The rate is ex­pected to be dou­bled due to the high pres­ence of Syr­ian refugees there.

Egyp­tian com­pa­nies at the phar­ma­ceu­ti­cal, med­i­cal re­quire­ments and cos­met­ics sec­tors achieved ex­ports at LE31 mil­lion to Le­banon dur­ing the first nine months of 2016.

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