MD Pharma heads to the UAE: MD Pharma, an Egyptian patient safety and healthcare business solutions provider, inked an agreement with Dubai Industrial City to set up a meds manufacturing facility with investments exceeding AED 130 mn (USD 35 mn), according to a statement. The factory is set to launch in 2025 and will cater to markets in the GCC and Africa.
The factory is set to be the first Egyptian facility manufacturing medicine in the UAE, according to the statement.
It’s already been a big week for Egyptian firms heading to the Gulf: In addition to news of CI Capital and Thndr opening up shop in the GCC, we also heard this week that GoBus is planning to launch its Saudi arm in June or July and tech-enabled F&B logistics startup OneOrder wants to start operations in the UAE this fall.