{"id":587154,"date":"2023-05-23T00:00:00","date_gmt":"2023-05-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/astrazeneca-to-raise-egypt-investments-to-usd-100-mn\/"},"modified":"2023-05-23T00:00:00","modified_gmt":"2023-05-23T00:00:00","slug":"astrazeneca-to-raise-egypt-investments-to-usd-100-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/astrazeneca-to-raise-egypt-investments-to-usd-100-mn\/","title":{"rendered":"AstraZeneca to raise Egypt investments to USD 100 mn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">AstraZeneca to boost investment and up production: <\/span><span style=\"\">British pharma giant AstraZen<\/span><span style=\"\">eca&nbsp;<\/span><span style=\"\">plans to increase its investments in Egypt to USD 100 mn over the next three years and increase its production capacity by 50%, country president Hatem Werdany told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/45linFv\" style=\"\">Al Arabiya<\/a><\/span><span style=\"font-weight:400;\">. <\/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 supply chains: <\/span><span style=\"font-weight:400;\">\u201cOur Egyptian products use 50-60% locally-made products and we hope to reach 80% over the coming three years,\u201d he 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\">AstraZeneca in Egypt: <\/span><span style=\"\">The company\u2019s factory in Sixth of October produces medicine targeting a variety of areas \u2014 cardiovascular, gastrointestinal, respiratory, neuroscience, and oncology. The facility has the production capacity of 900 mn tablets per year, according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.astrazeneca.com\/country-sites\/egypt.html\" style=\"\">website<\/a><\/span><span style=\"font-weight:400;\">. <\/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\">More products to come: <\/span><span style=\"font-weight:400;\">\u201cEgypt is a very promising market,\u201d Werdany said. \u201cThis year we have nine new products \u2026 and over the coming three years we will introduce 25 new products to the Egyptian market.\u201d<\/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\">AstraZeneca unaffected by FX crisis:<\/span><span style=\"\"> The company has not been affected by the ongoing shortage of foreign currency and has not faced problems repatriating profits, he said.&nbsp;<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><i><font size=\"3\">Correction: 30 May 2023&nbsp;<\/font><\/i><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><i><font size=\"3\">A previous version of this article incorrectly stated that AstraZeneca plans to invest USD 100 mn in Egypt. The article has been updated after Al Arabiya corrected its story.<\/font><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AstraZeneca plans to increase its use of local components to 80%<\/p>\n","protected":false},"author":1,"featured_media":587155,"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":[114,72,125,131,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-astrazeneca","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"446acda1-107e-48c3-9122-613c83c45ed7","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1238.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AstraZeneca to raise Egypt investments to USD 100 mn","related_issue":[587148],"teaser":"AstraZeneca plans to increase its use of local components to 80%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.330defc8-c793-4cd6-8aa8-23bf9324f9bf.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The expansion will increase the company\u2019s annual output by 33%, he added. We had previously reported that AstraZeneca were investing EGP 400 mn in the domestic market this\u2026","rel":"","context":"In &quot;Health + Education&quot;","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651119,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/astrazeneca-increasing-investments-to-egp-400-mn-implying-new-investment-of-egp-100-mn\/","url_meta":{"origin":587154,"position":1},"title":"AstraZeneca increasing investments to EGP 400 mn, implying new investment of EGP 100 mn","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"AstraZeneca Egypt are increasing their investments to EGP 400 mn this year, country President Khaled Atef told Al Borsa. The company is launching a new med for hypertension and heart disease, he added. We had reported last year that AstraZeneca had invested EGP 300 mn in the domestic market.","rel":"","context":"In &quot;Health + Education&quot;","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":619394,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/01\/health-ministry-allays-fears-amid-fresh-astrazeneca-covid-19-blood-clots-controversy\/","url_meta":{"origin":587154,"position":2},"title":"Health Ministry allays fears amid fresh AstraZeneca Covid-19 blood clots controversy","author":"enterpriseam admin","date":"1 May 2024","format":false,"excerpt":"Pundits took to the airwaves to discuss the news that the AstraZeneca vaccine can lead to blood clots","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/9.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644175,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/22\/astrazeneca-to-nearly-double-local-pill-production-by-2028-as-part-of-usd-50-mn-plan-plus-baic-group-fiat-dynamic-distribution-capricorn-jaz-hotel-group-ferrum-egypt-nextera-makanak-melee\/","url_meta":{"origin":587154,"position":3},"title":"AstraZeneca to nearly double local pill production by 2028 as part of USD 50 mn plan. PLUS: BAIC Group, Fiat + Dynamic Distribution, Capricorn, Jaz Hotel Group, Ferrum Egypt, NextEra, Makanak, Melee, City Lab","author":"enterpriseam admin","date":"22 September 2024","format":false,"excerpt":"The big pharma giant also wants to localize 80% of units produced at its Egypt plant by 2028","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\/2024\/9\/1616.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563623,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/pfizer-jj-astrazeneca-shots-to-arrive-in-egypt-in-coming-days-zayed\/","url_meta":{"origin":587154,"position":4},"title":"Pfizer, J&#038;J, AstraZeneca shots to arrive in Egypt in coming days -Zayed","author":"enterpriseam admin","date":"11 July 2021","format":false,"excerpt":"Egypt will receive its first shipment of Pfizer and Johnson & Johnson vaccines, as well as a new batch of the Oxford \/ AstraZeneca jab in the coming days, Health Minister Hala Zayed told El Hekaya\u2019s Amr Adib on Friday (watch, runtime: 1:49). Some 2 mn doses of the Pfizer\u2026","rel":"","context":"In &quot;COVID WATCH&quot;","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/97.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587211,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/this-evening-china-energy-could-soon-sign-a-framework-agreement-for-usd-7-bn-green-hydrogen-project\/","url_meta":{"origin":587154,"position":5},"title":"THIS EVENING: China Energy could soon sign a framework agreement for USD 7 bn green hydrogen project","author":"enterpriseam admin","date":"23 May 2023","format":false,"excerpt":"Good afternoon, friends, and happy hump day. We have another slow day so far here in Omm El Donia \u2014 although what started out as slow yesterday turned into a relatively brisk news cycle. THE BIG STORY TODAY China Energy moving forward with green hydrogen project: China Energy is expected\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/371.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\/587154","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=587154"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587154\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/587148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/587155"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=587154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=587154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=587154"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=587154"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=587154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}