A subsidiary of state-owned vaccine manufacturer Vacsera has signed an agreement with Abu Dhabi Medical Devices Company and Maadi Company for Engineering Industries to establish a USD 16 bn disposable syringes factory, Al Borsa reports. Construction is scheduled to be complete in 18-24 months and the factory is expected to produce 100 mn syringes per annum, Health Minister Ahmed Rady says.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…