Skip to content Skip to Search
Skip navigation

Egypt’s new pharma venture to boost local manufacturing

Unsplash.com
EZ International will be a “one-stop shop” for the country’s pharmaceutical companies

The Sovereign Fund of Egypt (TSFE) and private equity firm B Investments have announced the launch of EZ International, which will expand the country’s manufacturing capabilities and trade services in the pharmaceutical sector.

The new venture will be developed by TSFE’s healthcare and pharmaceutical industries Subfund and local pharmaceutical chain El-Ezaby Pharmacy.

EZ International will be a “one-stop shop” for the country’s pharmaceutical companies, offering logistical and administrative support to distribution and trade services for the country’s EGP130 billion ($4.2 billion) pharmaceutical industry.

TSFE and B Investments have finalised a two-year capital increase plan to support the new venture. The proceeds will kickstart EZ International, helping it roll out services to more than 500 pharmacies countrywide, starting with El-Ezaby’s more than 250 branches. 

Egypt’s minister of planning and economic development and TSFE’s chairperson Hala El-Said said the venture is in lockstep with the country’s Vision 2030 and aims to develop the pharmaceutical sector’s manufacturing capabilities and trade services.

B Investments co-founder and chairman Hazem Barakat said the company will use its financial and administrative expertise to support and develop companies in Egypt’s critical and promising healthcare and pharmaceutical sectors.

Latest articles

An artist's impression of part of the Diriyah Square development

Diriyah Square planned for historic Riyadh district

A public space featuring 400 retail outlets and 100 restaurants and cafes is planned for the historic Riyadh district of Diriyah. Diriyah Square will be announced next week at the World Retail Congress in Paris and aims to attract a combination of international retail brands and local artisans.  Diriyah Gate Development Authority group CEO Jerry […]

Nature, Undersea cables account for as much as 90 percent of Europe-Asia telecommunications, Water

Iraq and Kuwait team up for European telecom corridor

Iraq’s Informatics and Telecommunication Public Company, a division of the Ministry of Communications, has signed an agreement with Kuwait’s Zajil Telecom to create a telecommunications corridor from the Gulf region to Europe, transiting through Iraq and Turkey. The new route will pass through Iraqi sea and land ports. Iraq’s minister of communications Hayam Al-Yasiri said […]

Passengers at Beijing Capital International Airport. Air China will fly from the airport to Riyadh three times a week.

Third Chinese airline to launch flights to Saudi Arabia

Air China is set to begin flights to Riyadh in May, becoming the third Chinese airline to establish a route to Saudi Arabia. It joins China Southern and Eastern Airlines in connecting China with the kingdom.  Air China’s Airbus A330-300 will serve the Beijing-Riyadh route three times a week. The expansion in capacity between the […]

Highway traffic in California. Opec said the upcoming 'driving season' in the US will provide the usual additional demand for fuel

Opec stands by predictions for oil demand growth

Opec predicts robust fuel use this summer and has stuck to last month’s forecast of relatively strong growth in oil demand in 2024 and 2025. The oil producers’ organisation predicted in its monthly report that global demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. […]