A Fitch report has said that Egypt continued to boost its international position as the biggest medicine producer in the Middle East and North Africa.
This came in an infographic issued by the Information and Decision Support Center (IDSC) as part of efforts to monitor international reports about Egypt.
Fitch said the Egyptian government continues to press ahead with its ambitious goals for strengthening the local pharmaceutical industry and healthcare sector in Egypt.
Additionally, the government has looked to both fast-track public health center development through greater private sector investment and expedite the digitalisation in the pharmaceutical industry as part of the broader aim of achieving universal health coverage, said Fitch.
Fitch has forecasted that Egypt’s exports of drugs will go up by this year, the IDSC said.
The report said that Egypt managed to offer health care and medical treatment to more than 3 million people in 2022 at costs of EGP 15.5bln.
It shed light on Fitch forecast about the increase of expenditure on drugs in Egypt from EGP 59 in 2022 to EGP 66 billion in 2023.
In April 2021, Egypt inaugurated the largest factory for medications in the Middle East and North Africa to provide 150 million of 150 types of medications.
Source: State Information Service Egypt