{"id":578116,"date":"2022-12-15T04:00:10","date_gmt":"2022-12-15T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/15\/haleon-to-launch-in-egypt-next-year\/"},"modified":"2022-12-15T04:00:10","modified_gmt":"2022-12-15T04:00:10","slug":"haleon-to-launch-in-egypt-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/15\/haleon-to-launch-in-egypt-next-year\/","title":{"rendered":"Haleon to launch in Egypt next year"},"content":{"rendered":"<p><strong>ICT-<\/strong><\/p>\n<p><strong>Benya + Al Fanar join forces in Saudi:<\/strong> IT infrastructure contractor Benya Group has signed final agreements with Saudi\u2019s Al Fanar to establish a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/031ecccd-f816-4657-ae61-58d9c32a706d\">tech-focused JV<\/a> in the Gulf country, dubbed Alfa Benya, according to a <a href=\"https:\/\/www.linkedin.com\/posts\/benyagroup1_benya-alfanar-alfabenya-activity-7008736578739036160-vHDv?utm_source=share&utm_medium=member_desktop\">company statement<\/a>.<\/p>\n<p><strong>MANUFACTURING-<\/strong><\/p>\n<p><strong>Spain\u2019s <\/strong><strong><a href=\"https:\/\/www.copreci.com\/en\/\">Copreci<\/a><\/strong><strong> is partnering with local appliances firms <\/strong><strong><a href=\"https:\/\/fresh.com.eg\/en\">Fresh<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/www.elarabygroup.com\/en?gclid=CjwKCAiAheacBhB8EiwAItVO270tnZV4O3v7AzqZNgLmywUru-lhgCbvXgXSlaGcssvj_Vt9g251_xoC9hgQAvD_BwE\">El Araby<\/a><\/strong><strong><a href=\"https:\/\/www.elarabygroup.com\/en?gclid=CjwKCAiAheacBhB8EiwAItVO270tnZV4O3v7AzqZNgLmywUru-lhgCbvXgXSlaGcssvj_Vt9g251_xoC9hgQAvD_BwE\">Group<\/a><\/strong><strong> to build our first gas safety valve factory. <\/strong>The USD 7.6 mn facility will produce 15 mn valves a year and is set to start operations in April 2023, according to a <a href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid0WmEvJJaoS3J5A7Ghm5cfZWeSWj15Q4okkGTpg47hkoxDr4nHxsPXnNYCq2B5MtWSl&id=100080451043298&mibextid=Nif5oz\">statement<\/a> by the state\u2019s Ebdaa initiative.<\/p>\n<p><strong>PHARMA-<\/strong><\/p>\n<p><strong>Haleon will separate from GSK in Egypt next year:<\/strong> Haleon \u2014 the former consumer healthcare unit of pharma giant GlaxoSmithKline that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c84b4c7-ef8e-4803-9b6f-cea90e3269cf\">was spun off<\/a>over the summer \u2014 will kick off operations under its own brand in Egypt next year, Haleon North Africa General Manager Nabil Besri reportedly told <a href=\"https:\/\/bit.ly\/3VYcOb4\">Al Mal<\/a>. Haleon Egypt will locally produce 90% of its products, he said. Haleon, which controls brands including Advil, Voltaren and Otrivin, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c84b4c7-ef8e-4803-9b6f-cea90e3269cf\">demerged from its parent<\/a> to become the world\u2019s largest standalone healthcare business back in July.<\/p>\n<p><strong>Drugmaker Pfizer is in talks with the government to manufacture its Prevnar <\/strong><strong>vaccine in Egypt<\/strong>, which is designed to treat pneumonia, Patrick van der Loo, the company's Regional President Middle East, Russia and Africa (MERA) told <a href=\"https:\/\/bit.ly\/3Pu9NMY\">Al Arabiya<\/a>, describing it as \u201ca major investment.\u201d<\/p>\n<p><strong>Local meds firm <\/strong><strong><a href=\"https:\/\/www.evapharma.com\">Eva Pharma<\/a><\/strong><strong> and US-based multinational <\/strong><strong><a href=\"https:\/\/www.lilly.com\">Lilly<\/a><\/strong><strong> will partner to <\/strong><strong>produce insulin for diabetes patients in the local market<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0HWQGnktXYktQyMDdqQb2L7WM7UkByTjp3sFnRE7RXwztFkM19oUVD1DLm1vLxQHsl\">cabinet statement<\/a>. Under an agreement signed yesterday, Lilly will supply Eva Pharma with the active ingredient used to make insulin at a reduced price, as well as tech transfer to help Eva Pharma manufacture the diabetes meds. Eva Pharma is set to export the product across the African continent and hopes to treat as many as 1 mn patients by 2030.<\/p>\n<p><strong>RETAIL-<\/strong><\/p>\n<p><strong>Kuwait\u2019s Al Babtain to get financing for West Cairo mall: <\/strong>Abu Dhabi Islamic Finance (ADIFinance), the leasing subsidiary for Abu Dhabi Islamic Bank Egypt, will lead an alliance that includes the National Bank of Egypt (NBE)\u2019s Al Ahly Leasing and Factoring Company (ALC) to provide EGP 420 mn in financing to Kuwait\u2019s Al Babtain Group for the construction of the Royal Park Mall in Sheikh Zayed, according to <a href=\"https:\/\/ent.news\/2022\/12\/ADI-finance-AR-PRL.pdf\">a press release (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICT- Benya + Al Fanar join forces in Saudi: IT infrastructure contractor Benya Group has signed final agreements with Saudi\u2019s Al Fanar to establish a tech-focused JV in the Gulf country, dubbed Alfa Benya, according to a company statement. MANUFACTURING- Spain\u2019s Copreci is partnering with local appliances firms Fresh and El ArabyGroup to build our [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578117,"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":[7209],"tags":[469,6344,2315,111,2876,72,574,183,1076,6465,8562,131,146,427,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi-islamic-bank","tag-al-babtain","tag-al-fanar","tag-also-on-our-radar","tag-elaraby-group","tag-enterpriseam","tag-eva-pharma","tag-fintech","tag-glaxosmithkline","tag-haleon","tag-ict","tag-manufacturing","tag-pfizer","tag-pharma","tag-retail","wpautop","entry"],"acf":{"mongo_id":"c1a1656e-923d-4a78-9095-b457330669c0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/330.jpg","photo_position":"above","related_issue":[578094],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Haleon to launch in Egypt next year - 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\/2022\/12\/15\/haleon-to-launch-in-egypt-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Haleon to launch in Egypt next year\" \/>\n<meta property=\"og:description\" content=\"ICT- Benya + Al Fanar join forces in Saudi: IT infrastructure contractor Benya Group has signed final agreements with Saudi\u2019s Al Fanar to establish a tech-focused JV in the Gulf country, dubbed Alfa Benya, according to a company statement. 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The agreements cover key sectors including energy, tech, food, and pharma and were signed during a meeting of Egyptian and\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573731,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/benya-signs-final-agreement-with-aoi-for-egp-1-bn-fiber-optics-factory\/","url_meta":{"origin":578116,"position":2},"title":"Benya signs final agreement with AOI for EGP 1 bn fiber optics factory","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"ICT infrastructure contractor Benya Capital has signed a final contract with the Arab Organization for Industrialization (AOI) to build a EGP 1 bn fiber optic cable factory in the Suez Canal Economic Zone, Al Shorouk reports. Benya and the AOI had signed a preliminary agreement for the factory back in\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576455,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/benya-signs-usd-500-mn-agreement-to-build-fiber-network-in-drc\/","url_meta":{"origin":578116,"position":3},"title":"Benya signs USD 500 mn agreement to build fiber network in DRC","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"Benya Capitalhas signed a USD 500 mn agreement with the Democratic Republic of Congo to set up a national fiber optic network on the sidelines of the Cairo ICT expo, Hapi Journal reports. The Egyptian IT infrastructure provider inked an initial agreement with the DRC in September.","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555264,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/","url_meta":{"origin":578116,"position":4},"title":"Benya eyes African tech startups with new USD 50 mn VC fund","author":"enterpriseam admin","date":"8 November 2021","format":false,"excerpt":"IT infrastructure contractor Benya Capital is launching a USD 50 mn venture capital fund, dubbed Benya Ventures, as part of its expansion strategy, Chairman and CEO Ahmed Mekky said on the sidelines of the Cairo ICT conference yesterday, according to Al Borsa. The VC, which will launch with an initial\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577616,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/","url_meta":{"origin":578116,"position":5},"title":"Social ins contributions and payouts to rise in the new year","author":"enterpriseam admin","date":"29 November 2022","format":false,"excerpt":"Among the other stories we\u2019re paying attention to this morning:ECONOMY-Employees will pay more towards social ins. starting in January: The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578116"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578116\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578117"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578116"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578116"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}