{"id":665835,"date":"2025-05-25T00:00:00","date_gmt":"2025-05-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/govt-offers-pharma-players-facilities-to-boost-investments-in-the-sector\/"},"modified":"2025-05-25T00:00:00","modified_gmt":"2025-05-25T00:00:00","slug":"govt-offers-pharma-players-facilities-to-boost-investments-in-the-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/govt-offers-pharma-players-facilities-to-boost-investments-in-the-sector\/","title":{"rendered":"Gov\u2019t offers pharma players facilities to boost investments in the sector"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t exempts pharma factories from export approvals:<\/strong> The government has exempted pharma companies operating in freezones from obtaining export approvals from the Egyptian Drug Authority (EDA) to help reduce investment barriers, according to a statement seen by EnterpriseAM. The Trade Ministry\u2019s Trade Agreements Sector also confirmed that all medical products manufactured by production facilities in freezones do not require export approval from the EDA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NI Capital launches Egypt\u2019s first EGX70-tracking fund:<\/strong> National Investment Bank's investment arm NI Capital has launched the country\u2019s first investment fund replicating the performance of the EGX70 \u2014 dubbed Sahmy 70, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1985.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The fund offers daily subscriptions and redemptions, providing high liquidity for investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWe are pleased to launch 'Sahmy 70' as the first fund in the Egyptian market that mirrors the performance of the EGX70 index, which tracks medium-sized companies listed on the stock exchange. This issuance reflects our belief in the importance of offering innovative financial tools that meet investors\u2019 needs and provide them with the opportunity to invest in the mid-cap segment; a sector that has historically delivered higher average returns than large-cap companies, and one in which we continue to see significant growth potential,\u201d CEO and Managing Director Mohamed Metwally said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati ho<\/strong><strong>tel management firm Gewan plans to operate 20 hotels in Egypt by 2028<\/strong>, including five properties owned by the National Service Projects Organization (NSPO) under 10-year contracts, CEO Ahmed Hassib told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/83729\/%D8%AC%D9%8A%D9%88%D8%A7%D9%86-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-15-%D9%81%D9%86%D8%AF%D9%82%D8%A7-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A7-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%AD%D8%AA%D9%89-2028\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Gewan currently manages four NSPO hotels in Alamein and will take over a fifth in Nasr City. Egypt could contribute 30% of Gewan\u2019s revenues by 2028, Haseeb said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the pipeline:<\/strong> The company signed agreements for a 240-room hotel in New Cairo \u2014 set for completion in August 2026 \u2014 and an 800-room hotel in Hurghada, with completion set for 4Q 2026. Gewan is also eyeing Sharm El Sheikh and Marsa Alam, Hassib said, adding that the hotels they are eyeing could require potential renovations of up to USD 150k per room.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SMES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A fresh round of Start IT is underway: <\/strong>Information Technology Industry Development Agency\u2019s (ITIDA) Technology Innovation and Entrepreneurship Center launched the latest round of its Start IT incubator, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1999.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The incubator offers early-stage startups financial and in-kind support of up to EGP 480k and USD 10k in cloud support from Amazon Web Services. The application door closed yesterday. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- NI Capital launches Egypt\u2019s first EGX70-tracking fund<\/p>\n","protected":false},"author":1,"featured_media":665836,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[111,102,72,955,834,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-markets","tag-enterpriseam","tag-hospitality","tag-ni-capital","tag-trade","wpautop","entry"],"acf":{"mongo_id":"42f56588-5574-4640-a843-e6fb9e52ebac","order":"15","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1995.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt offers pharma players facilities to boost investments in the sector","related_issue":[665809],"teaser":"PLUS- NI Capital launches Egypt\u2019s first EGX70-tracking fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.b4f51778-740e-4866-b9ba-9b3cf0e02182.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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PLUS: More Edita buybacks, 3-month sugar export ban, Capricorn\u2019s Egypt focus","author":"enterpriseam admin","date":"26 March 2023","format":false,"excerpt":"The SFE wants to raise EGP 1.2 bn for the sub-fund","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\/3\/430.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569798,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/gamea-appoints-top-govt-executive-roba-galal-as-acting-head-of-egypts-eda\/","url_meta":{"origin":665835,"position":2},"title":"Gamea appoints top gov\u2019t executive Roba Galal as acting head of Egypt\u2019s EDA","author":"enterpriseam admin","date":"8 March 2020","format":false,"excerpt":"MOVES- Trade Minister Nevine Gamea has tapped Roba Galal as the acting head of the Export Development Authority, reports Youm7. Galal currently heads the Egypt Expo and Convention Authority\u2019s (EECA) finance and administration department.","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":554064,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/natural-gas-exports-rose-142-y-o-y-in-fy2020-2021\/","url_meta":{"origin":665835,"position":3},"title":"Natural gas exports rose 142% y-o-y in FY2020-2021","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"Natural gas exports hit 4.6 bn cubic meters in FY2020-2021, up 142% y-o-y, according to Capmas figures (pdf). Egypt became a net exporter of natural gas and LNG in 2018 after the discovery of the supergiant Zohr gas field \u2014 the Mediterranean\u2019s largest \u2014 allowed us to pull the plug\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597100,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/eda-gets-sharper-teeth-under-newly-passed-legislation\/","url_meta":{"origin":665835,"position":4},"title":"EDA gets sharper teeth under newly passed legislation","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"LEGISLATION WATCH- EDA\u2019s mandate expands under new pharma legislation: The Health Ministry will transfer regulatory powers over the pharma market to the Egyptian Drug Authority (EDA) under legislation passed by the House last week, the local press reported. The EDA will now be in charge of registering new products, maintaining\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":644708,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/export-development-authority-rolls-out-five-year-strategy\/","url_meta":{"origin":665835,"position":5},"title":"Export Development Authority rolls out five-year strategy","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"Export Development Authority rolls out five-year strategy: The Trade and Industry Ministry\u2019s Export Development Authority (EDA) has completed its new export promotion strategy for 2017-2023, Minister Tarek Kabil said on Tuesday, Al Shorouk reported. The strategy relies on streamlining export procedures, putting in place an authority to ensure the quality\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665835","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=665835"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665835\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665835"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665835"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}