{"id":587714,"date":"2023-05-31T00:00:00","date_gmt":"2023-05-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/"},"modified":"2023-05-31T00:00:00","modified_gmt":"2023-05-31T00:00:00","slug":"pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/","title":{"rendered":"Pharco + Ajlan &#038; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">PHARMA-<\/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\">Egypt\u2019s Pharco Pharma and Saudi-based Ajlan & Bros Holding will break ground on a <\/span><span style=\"font-weight:700\">USD 150 mn meds manufacturing complex<\/span><span style=\"\"> in the Saudi city of Medina in June, Pharco Chairman Sherine Helmy was quoted as telling <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/43ceykE\" style=\"\">Asharq Business<\/a><\/span><span style=\"\">. Arab Contractors will carry out contracting and construction work on the project. The complex was among <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/031ecccd-f816-4657-ae61-58d9c32a706d\" style=\"\">14 agreements worth a total USD 7.7 bn<\/a><\/span><span style=\"font-weight:400;\"> that Saudi Arabia signed with local firms last summer. Production is set to begin by 2024, Helmy said at the time. <\/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\">One step towards cheaper insulin: <\/span><span style=\"\">Local meds firm Eva Pharma and US-based multinational <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.lilly.com\/\" style=\"\">Lilly<\/a><\/span><span style=\"\"> have finished working on their insulin production plant, CEO Riad Armanious <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/05\/30\/1673299\" style=\"\">said during a presser<\/a><\/span><span style=\"\"> yesterday. The plan will have a production capacity of an annual 90 mn vials and 50 mn syringes, targeting some 1 mn people on low and middle incomes a year. The two sides <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1a1656e-923d-4a78-9095-b457330669c0\" style=\"\">inked an agreement<\/a><\/span><span style=\"\"> last year <\/span><span style=\"\">under which Lilly will supply Eva Phamra with the active ingredient used to make insulin at a reduced price, as well as transfering tech to help Eva Pharma manufacture the diabetes meds.<\/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;\">INVESTMENT-<\/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\">Fresh Turkish investment in our leather industry? <\/span><span style=\"\">Turkish leather maker <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.iskefeholding.com.tr\/haberler\" style=\"\">Iskefe Holding<\/a><\/span><span style=\"\"> is <\/span><span style=\"\">considering investing USD 40 mn to build a leather factory and another USD 6 mn to revamp three existing facilities in Roubiki Leather City, company reps said in a meeting with Trade and Industry Minister Ahmed Samir, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/pfbid02fpk5EBJHJ2rRGJA4fc3myehHyKDQF68LtqoKCGDobAnqF7Qq3ssv5jy3p7bqBPijl\" style=\"\">a ministry statement<\/a><\/span><span style=\"font-weight:400;\">. The products would be sold domestically and for export, according to the statement. <\/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\">About Iskefe: <\/span><span style=\"font-weight:400;\">The company operates four leather factories and two gelatin factories in Turkey and holds a 40% share of the domestic market, per the statement. <\/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=\"\"> A number of Turkish companies recently met with Prime Minister Moustafa <\/span><span style=\"\">Madbouly to discuss plans that could see them <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0ba1660-aaa7-4c5c-9e7f-32a1a0a00228\" style=\"\">invest a combined USD 500 mn<\/a><\/span><span style=\"font-weight:400;\"> in Egypt.<\/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;\">ENERGY- <\/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\">#1- Dana Gas plans to drill 11 new wells in its Egyptian concessions this year<\/span><span style=\"\">, potentially <\/span><span>giving it access to another 80 bn cubic feet of gas, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/43e6Fes\" style=\"\">Asharq Business<\/a><\/span><span> reports, citing company IR head Mohammed Mu<\/span><span>baideen<\/span><span>. The company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2d20aa5-85b2-47e5-913a-c1a6f609b07e\" style=\"\">earlier this year<\/a><\/span><span style=\"font-weight:400;\"> said it wants to invest USD 100 mn in Egypt\u2019s oil and gas sector over the next two years, after negotiating \u201ca new set of terms\u201d with state-owned EGAS that will allow it to make the investments and extend the life of its local gas fields by another two-three 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\">#2- OIH could be tapping into Uzbekistan\u2019s renewables: <\/span><span style=\"\">Orascom Investment Holding (OIH) <\/span><span>is exploring investments in Uzbekistan\u2019s renewables and hospitality sectors, OIH CEO Marwan Hussein told Enterprise Climate on Tuesday. The potential investments are part of a USD 1.2 bn investment plan discussed by OIH Chairman Naguib Sawiris during a meeting on Monday with Uzbekistan President Shavkat Mirziyoyev to \u201cimplement large investment projects\u201d in the Central Asian country, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/president.uz\/ru\/lists\/view\/6386?fbclid=IwAR3HNYO2LA34C3WIEoR1WjvU0uA3RP1cECnArVxFKylI4EcCTnMQiPV6K0M\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\"> released by the Uzbekistani presidency.<\/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\">**Read the full story<\/span><span> in this morning\u2019s edition of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9113c32b-a1cb-4f3d-8829-bb9ccf200e51\" style=\"\">E<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9113c32b-a1cb-4f3d-8829-bb9ccf200e51\" style=\"\">nterprise C<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9113c32b-a1cb-4f3d-8829-bb9ccf200e51\" style=\"\">limate<\/a><\/span><span>. <\/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;\">LOGISTICS-<\/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\">Minerva Bunkering has become the first international ship-fueling firm to operate in <\/span><span style=\"font-weight:700\">Egypt: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mercuria.com\/\" style=\"\">Mercuria Energy Group<\/a><\/span><span> subsidiary Minerva Bunkering has begun ship fuel <\/span><span>deliveries in Egypt, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-30\/mercuria-steps-into-suez-canal-refueling-as-egypt-opens-market#xj4y7vzkg\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> 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\">**Read the full story<\/span><span> in this morning\u2019s edition of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6e59c926-5cdc-484c-bd38-fc0510d7c261\" style=\"\">E<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6e59c926-5cdc-484c-bd38-fc0510d7c261\" style=\"\">nterprise Logistics<\/a><\/span><span>. <\/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;\">MANUFACTURING-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/iconegypt.com\" style=\"\">ICON<\/a><\/span><span style=\"font-weight:700\"> secures Neom contract:<\/span><span style=\"\"> A subsidiary of Industrial Engineering for Construction and <\/span><span>Development (ICON) has secured a SAR 105.6 mn contract for the production and delivery of prefabricated buildings for the Saudi mega city Neom project, it disclosed in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1424.pdf\" style=\"\">a disclosure (pdf)<\/a><\/span><span style=\"font-weight:400;\"> to the EGX last week.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Production is expected to start in 2024<\/p>\n","protected":false},"author":1,"featured_media":587715,"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":[111,110,93,72,574,8423,145,131,2065,1407,618,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-dana-gas","tag-energy","tag-enterpriseam","tag-eva-pharma","tag-icon","tag-logistics","tag-manufacturing","tag-naguib-sawiris","tag-neom","tag-orascom-investment-holding","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"061e9564-47b0-4f2f-8b0a-42607366d288","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1713.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex in June. PLUS: Turkish investment, OIH eyes Uzbekistan","related_issue":[587692],"teaser":"Production is expected to start in 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.f5e74fee-6b51-46e4-be3c-751b1eafcb60.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>Pharco + Ajlan &amp; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan - 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\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharco + Ajlan &amp; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan\" \/>\n<meta property=\"og:description\" content=\"Production is expected to start in 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pharco + Ajlan &#038; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan\",\"datePublished\":\"2023-05-31T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\"},\"wordCount\":587,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Dana Gas\",\"energy\",\"EnterpriseAM\",\"Eva Pharma\",\"Icon\",\"logistics\",\"Manufacturing\",\"Naguib Sawiris\",\"Neom\",\"Orascom Investment Holding\",\"pharma\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\",\"name\":\"Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-05-31T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pharco + Ajlan &#038; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/","og_locale":"en_US","og_type":"article","og_title":"Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan","og_description":"Production is expected to start in 2024","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-05-31T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Pharco + Ajlan &#038; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan","datePublished":"2023-05-31T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/"},"wordCount":587,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","Dana Gas","energy","EnterpriseAM","Eva Pharma","Icon","logistics","Manufacturing","Naguib Sawiris","Neom","Orascom Investment Holding","pharma"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/","name":"Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1","datePublished":"2023-05-31T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/31\/pharco-ajlan-bros-to-break-ground-on-usd-150-mn-saudi-pharma-complex-next-month-plus-turkish-investment-oih-eyes-uzbekistan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Pharco + Ajlan &#038; Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1713.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":607260,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/eva-pharma-inks-agreement-for-saudi-pharma-complex\/","url_meta":{"origin":587714,"position":0},"title":"Eva Pharma inks agreement for Saudi pharma complex","author":"enterpriseam admin","date":"1 October 2023","format":false,"excerpt":"The complex will include a research and development center and five pharma factories","rel":"","context":"In &quot;PHARMA&quot;","block_context":{"text":"PHARMA","link":"https:\/\/enterpriseam.com\/egypt\/category\/pharma\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1664.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547445,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/usd-8-bn-from-ksa-and-much-morepossibly-usd-30-bn-more\/","url_meta":{"origin":587714,"position":1},"title":"USD 8 bn from KSA and much more\u2026Possibly USD 30 bn more.","author":"enterpriseam admin","date":"22 June 2022","format":false,"excerpt":"Egypt signed 14 investment agreements with Saudi Arabia worth USD 7.7 bn during Crown Prince Mohamed bin Salman\u2019s visit to Cairo yesterday, the Madbouly cabinet said in a statement yesterday. 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":598440,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/","url_meta":{"origin":587714,"position":2},"title":"Pharco Pharmaceuticals, MODON to build pharma complex in Madinah","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"Egypt\u2019s Pharco Pharma has signed an industrial land lease with the Saudi Authority for Industrial Cities and Technology Zones (MODON) for an area in Madinah, Saudi Arabia, covering over 62k sqm, Asharq al-Awsat reports. The two organizations will invest SR 570 mn to build an integrated pharma complex that will\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":701506,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/12\/pharco-doubles-down-on-local-capex-and-gulf-expansion-amid-pricing-squeeze\/","url_meta":{"origin":587714,"position":3},"title":"Pharco doubles down on local capex and Gulf expansion amid pricing squeeze","author":"enterpriseam admin","date":"12 May 2026","format":false,"excerpt":"Egypt imports more than 90% of its pharma raw materials, leaving local manufacturers exposed to FX swings and supply chain disruptions","rel":"","context":"In &quot;PHARMA&quot;","block_context":{"text":"PHARMA","link":"https:\/\/enterpriseam.com\/egypt\/category\/pharma\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/603.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597419,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/ajlan-bros-looking-to-set-up-textiles-facility-industrial-and-residential-complex\/","url_meta":{"origin":587714,"position":4},"title":"Ajlan &#038; Bros looking to set up textiles facility, industrial and residential complex","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"Saudi menswear manufacturer Ajlan & Bros is planning to set up a textiles and garment production facility in Qena, Vice Chairman Mohamed Ajlan told Prime Minister Moustafa Madbouly during a meeting yesterday, according to a Cabinet statement. Ajlan requested land plots for the facility and for a separate industrial and\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":548377,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/07\/saudi-wealth-fund-sets-up-company-to-invest-in-egypt\/","url_meta":{"origin":587714,"position":5},"title":"Saudi wealth fund sets up company to invest in Egypt","author":"enterpriseam admin","date":"7 August 2022","format":false,"excerpt":"Introducing the SEIC: Saudi Arabia\u2019s sovereign wealth fund has set up a company to manage its investments in Egypt as it prepares to deploy bns of USD in the country in the coming months, it said in a statement on Thursday. The Saudi Egyptian Investment Company (SEIC) will act as\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\/8\/157.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\/587714","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=587714"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587714\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/587692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/587715"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=587714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=587714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=587714"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=587714"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=587714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}