{"id":559401,"date":"2021-01-20T03:39:21","date_gmt":"2021-01-20T03:39:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/vitabiotics-to-invest-egp-1-bn-in-egypt-business\/"},"modified":"2021-01-20T03:39:21","modified_gmt":"2021-01-20T03:39:21","slug":"vitabiotics-to-invest-egp-1-bn-in-egypt-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/vitabiotics-to-invest-egp-1-bn-in-egypt-business\/","title":{"rendered":"Vitabiotics to invest EGP 1 bn in Egypt business"},"content":{"rendered":"

<\/a> UK-based nutraceutical player <\/strong>Vitabiotics<\/a><\/strong> will invest EGP 1 bn in its Egypt arm over <\/strong>the next five years<\/strong> to expand production capacity, Vitabiotics Egypt Chairperson Yasmine Zayed tells Amwal Al Ghad. The investment is expected to finance upgrades to the group\u2019s manufacturing capabilities which will allow Vitabiotics Egypt to locally produce 24 additional products here. Vitabiotics\u2019 local arm is a joint venture with Magic Pharma<\/a>.<\/p>\n

Meanwhile, keep an eye on Macro Pharma: <\/strong>The Alta Semper-backed<\/a> company is an industry leader and has hired CI Capital and Rencap to quarterback an IPO in the first half of this year<\/a>.<\/p>\n

IN OTHER INVESTMENT NEWS- DB Schenker and DHL are interested in getting <\/strong>involved with more logistics projects<\/strong> in Egypt, German ambassador to Egypt Cyrill Nunn told Transport Minister Kamel El Wazir<\/a> yesterday. DB Schenker\u2019s Egypt arm is already working on the Sixth of October dry port<\/a> build-operate-transfer contract as part of a consortium with Elsewedy Electric.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK-based nutraceutical player Vitabiotics will invest EGP 1 bn in its Egypt arm over the next five years to expand production capacity, Vitabiotics Egypt Chairperson Yasmine Zayed tells Amwal Al Ghad. The investment is expected to finance upgrades to the group\u2019s manufacturing capabilities which will allow Vitabiotics Egypt to locally produce 24 additional products here. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[3663,72,481,7138,125,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559401","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-dhl","tag-enterpriseam","tag-germany","tag-health","tag-investment-watch","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"f3745acc-4ea3-494d-b8af-e0d527aa3aed","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559391],"teaser":"","voice_url":""},"yoast_head":"\nVitabiotics to invest EGP 1 bn in Egypt business - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/vitabiotics-to-invest-egp-1-bn-in-egypt-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitabiotics to invest EGP 1 bn in Egypt business\" \/>\n<meta property=\"og:description\" content=\"UK-based nutraceutical player Vitabiotics will invest EGP 1 bn in its Egypt arm over the next five years to expand production capacity, Vitabiotics Egypt Chairperson Yasmine Zayed tells Amwal Al Ghad. The investment is expected to finance upgrades to the group\u2019s manufacturing capabilities which will allow Vitabiotics Egypt to locally produce 24 additional products here. 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