MNG to invest EGP 230 mn in Borg El Arab pharmaceuticals factory

MNB Pharmaceutical Company is planning to invest EGP 230 mn in a new meds production facility in Borg El Arab, Chairman Mohamed Bazazo said. The first phase of the factory will come online by January 2021, and will be fully commissioned in 2025, according to Bazazo. The company plans to direct most of the factory’s output toward exports.