Medical supplies companies want to invest EGP 1.5 bn within five years

Local medical supplies companies are targeting investments worth at least EGP 1.5 bn in the next five years, deputy head of the Federation of Egyptian Industries’ medical supplies division Emad Louis tells Ahram Gate. They want to cover 80% of local demand in five years, from 20% currently. The companies’ current investments amount to EGP 4 bn, with exports (which make up 40% of production) reaching USD 250 mn.