CAIRO– More than 150 exhibitors and over 5,000 professionals from the pharmaceutical industry are seeking investment and business opportunities, at the ninth edition of the Pharmaconex Exhibition, which started on Sunday here in the Egyptian capital.

The North African pharmaceutical market was valued at 12.98 billion U.S. dollars in 2018, and is expected to grow at a compound annual growth rate of eight percent, to reach about 22.23 billion dollars by 2025, according to Pharmaconex.

Egypt’s pharmaceutical market is among the most attractive in the Middle East region, and has seen an increase in interest and investment from multinational pharmaceutical companies.

The pharmaceutical market in Egypt was valued at 3.1 billion dollars in 2018, and is estimated to grow at a compound annual growth rate of around eight percent to reach about 5.2 billion dollars by 2025, according to Pharmaconex.

For manufacturers, the expo enables them to reach out to influential and key decision-making professionals within the Middle East and North Africa.

Yasser Gendy, marketing manager with an Egyptian pharmaceutical company, said, the expo is a hub to source the latest solutions, products, and technology available in the industry.

“The exhibition provides great opportunities to build relationships with prospects and existing clients, as well as, form new business networks,” said Ahmed Hany, an engineer with Cairo-based Nama Group, which is an agent, distributor, and producer of quality products.

“The Egyptian pharmaceutical market is big, fast-developing, and profitable. This event provides a platform where investors can sign new deals,” Hany said.

Source: NAM NEWS NETWORK