Industry Minister Seeks to Boost Investment
Egyptian Minister of Industry, Khaled Hesham, emphasized that the country's strategy focuses on strengthening industrial development by selecting seven priority sectors, foremost among them pharmaceuticals. The goal is to improve product quality and enhance international competitiveness. The Spectrum Diagnostic Industries plant in Ismailia has been inaugurated; it is the first integrated facility in Egypt and the region dedicated to the production of rapid diagnostic tests. This factory contributes to reducing dependence on imports, saving approximately $30 million annually on the import bill, and bolsters Egypt's position as a regional hub for medical and diagnostic industries. The government is also striving to create an attractive investment environment, develop technology, and increase industrial exports.
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