{"id":584302,"date":"2023-03-29T00:00:00","date_gmt":"2023-03-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/29\/holdipharma-to-partner-with-private-sector-on-5-new-factories\/"},"modified":"2023-03-29T00:00:00","modified_gmt":"2023-03-29T00:00:00","slug":"holdipharma-to-partner-with-private-sector-on-5-new-factories","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/29\/holdipharma-to-partner-with-private-sector-on-5-new-factories\/","title":{"rendered":"HoldiPharma to partner with private sector on 5 new factories"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"http:\/\/www.holdipharma.com\/en\/home\/pages\/default.aspx\" style=\"\">HoldiPharma<\/a><\/span><span style=\"font-weight:700\"> is enlisting the private sector to help localize productio<\/span><span style=\"font-weight:700\">n: <\/span><span style=\"\">State-owned pharma manufacturer HoldiPharma plans to build five new factories in partnership with private-sector firms, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.asharqbusiness.com\/article\/48647\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-5-%D9%85%D8%B5%D8%A7%D9%86%D8%B9-%D9%84%D9%84%D8%AE%D8%A7%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D8%A7%D8%A6%D9%8A%D8%A9-%D9%84%D8%AE%D9%81%D8%B6-%D9%81%D8%A7%D8%AA%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF\/\" style=\"\">Asharq Business<\/a><\/span><span style=\"font-weight:400;\"> reports, citing three sources it says are close to the matter. The facilities will require around EGP 2.5 bn of investment and will produce up to 100 different types of raw materials for the pharma industry by 2025, the people said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We have questions:<\/span><span style=\"\"> It\u2019s not clear what kind of partnerships HoldiPharma is looking to enter, or <\/span><span style=\"font-weight:400;\">who it is looking to partner with. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Mystery Indian firm on board: <\/span><span style=\"\">HoldiPharma subsidiary El Nasr Pharma is reportedly in talks <\/span><span style=\"font-weight:400;\">with \u201cthe largest\u201d Indian pharma raw materials manufacturer to serve as a technical expert on the project, the sources reportedly said, without disclosing the identity of the firm.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Localizing the industry:<\/span><span style=\"\"> The new factories could cover around 20% of domestic demand, <\/span><span style=\"font-weight:400;\">helping to reduce the sector\u2019s reliance on imports, the sources are quoted as saying. Each plant would have an annual production capacity of up to 70 tons. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Exports down the line?<\/span><span style=\"\"> Raw materials produced by the factories could eventually be exported, <\/span><span style=\"\">according to Asharq\u2019s sources. <\/span><span style=\"\">The government <\/span><span style=\"font-weight:400;\">has identified pharma as one of nine sectors to focus on to increase exports to USD 100 bn a year in the  next four years.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Where the money\u2019s coming from: <\/span><span style=\"\">Some 60% of the investment will come from loans and the <\/span><span style=\"font-weight:400;\">remainder will be \u201cself-financed,\u201d Asharq reports.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">T<\/span><span style=\"\">he pharma sector has been grappling with the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffe8229b-edb8-487c-ac29-66af689eee1d\" style=\"\">im<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffe8229b-edb8-487c-ac29-66af689eee1d\" style=\"\">pa<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffe8229b-edb8-487c-ac29-66af689eee1d\" style=\"\">ct<\/a><\/span><span style=\"\">of import restrictions and <\/span><span style=\"\">the FX shortage. <\/span><span style=\"font-weight:400;\">The industry has called for a reassessment of the government\u2019s mandatory pricing scheme for certain meds and pharma products as supply chain issues and higher shipping rates delay manufacturing and raise production costs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AND- HoldiPharma firms are up for partial privatization:<\/span><span style=\"\"> Two subsidiaries of HoldiPharma <\/span><span style=\"\">have been <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\">earmarked for<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\">stak<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\">e sales<\/a><\/span><span style=\"\"> \u2014 Chemical Industries Development Company and Misr Pharma.<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/751e4dbb-589e-4c0a-9858-f69c7cd6ce57\" style=\"\">News reports<\/a><\/span><span style=\"\"> claimed in February <\/span><span style=\"\">that the companies could offer between 30-40% to investor<\/span><span style=\"\">s by July<\/span><span style=\"\"> \u2014 likely in an IPO on the EGX <\/span><span style=\"font-size:10.5pt;\">\u2014 <\/span><span style=\"\">with <\/span><span style=\"font-weight:400;\">the holding company retaining a controlling interest.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned HoldiPharma wants to reduce reliance on imports<\/p>\n","protected":false},"author":1,"featured_media":584303,"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":[7255],"tags":[6881,72,1320,131,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-al-nasr-pharma","tag-enterpriseam","tag-holdipharma","tag-manufacturing","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"17e8f344-8001-4eff-b310-a526ca3a154e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/576.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s HoldiPharma to partner with private sector on new factories","related_issue":[584293],"teaser":"State-owned HoldiPharma wants to reduce reliance on imports","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.5ae12fa3-138c-4630-a1fd-dd46f6cd7fae.mp3"},"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>HoldiPharma to partner with private sector on 5 new factories - 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\/2023\/03\/29\/holdipharma-to-partner-with-private-sector-on-5-new-factories\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HoldiPharma to partner with private sector 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El Kholy served as the vice president and corporate affairs and communication director at Pfizer Egypt between 2013 and 2019, and Bayer\u2019s Egypt manager during 2007-2013. The company has also appointed Ahmed Hegazy as chairman\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591787,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/gafi-intervenes-in-october-pharma-shareholder-dispute\/","url_meta":{"origin":584302,"position":1},"title":"GAFI intervenes in October Pharma shareholder dispute","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"DISPUTE WATCH- GAFI intervenes in OctoberPharma shareholder dispute: The General Authority for Freezones and Investment (GAFI) has prohibited HoldiPharma Chairman Ahmed Hegazy from serving on the board of OctoberPharma due to a potential conflict of interest, according to a GAFI letter obtained by Al Mal. Acdima, which owns a 30%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588455,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/negotiations-are-underway-for-investments-in-two-state-owned-pharma-firms-through-a-capital-increase\/","url_meta":{"origin":584302,"position":2},"title":"Negotiations are underway for investments in two state-owned pharma firms through a capital increase","author":"enterpriseam admin","date":"12 June 2023","format":false,"excerpt":"CID could soon have more than one shareholder","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/531.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581650,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/19\/state-pharma-firms-could-offer-minority-stakes-within-six-months\/","url_meta":{"origin":584302,"position":3},"title":"State pharma firms could offer minority stakes within six months","author":"enterpriseam admin","date":"19 February 2023","format":false,"excerpt":"Two state-owned pharma firms to sell minority stakes within six months? The government wants to sell sizable minority stakes in two state-owned pharma companies earmarked for privatization in the coming six months, Al Mal reports, citing unnamed sources it says are familiar with the matter. Between 30-40% of Chemical Industries\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/pharma-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590820,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/fawry-confirms-saudi-talks-kicking-tires-on-digital-banking-license-in-egypt\/","url_meta":{"origin":584302,"position":4},"title":"Fawry confirms Saudi talks, kicking tires on digital banking license in Egypt","author":"enterpriseam admin","date":"26 July 2023","format":false,"excerpt":"The company wants to obtain a license to set up in the country","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\/2023\/7\/1048.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585598,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/26\/egyptian-indian-firms-to-team-up-on-usd-80-mn-pharma-materials-plant\/","url_meta":{"origin":584302,"position":5},"title":"Egyptian, Indian firms to team up on USD 80 mn pharma materials plant","author":"enterpriseam admin","date":"26 April 2023","format":false,"excerpt":"Egyptian and Indian firms will spend USD 80 mn on a pharma materials plant","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\/2023\/4\/818.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\/584302","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=584302"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/584302\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/584293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/584303"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=584302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=584302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=584302"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=584302"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=584302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}