UAE’s Julphar to establish USD 68 mn pharmaceuticals factory in Egypt

INVESTMENT WATCH- UAE’s Julphar to establish USD 68 mn pharma plant in Egypt. Dubai-based Julphar Gulf Pharmaceutical Industries wants to build a USD 68 mn pharma factory in Badr City, CCO Saud Musabbah tells Al Borsa. The factory would primarily produce insulin, antibiotics, and blood pressure meds. Julphar has reportedly been waiting on the Health Ministry to register the factory to move ahead with the transaction.