Egypt to set up pharmaceutical factory in Azerbaijan

Egypt's Minister of Economic Cooperation Faiza Aboul Naga said: "The construction will be financed by the investment company of Egypt. On the whole, the government of Egypt has allocated $3 billion for development of the national sector of public health".

In turn, Egypt Minister of Health Khatam Al-Gabali announced that the factory will manufacture products, corresponding to GMP (Good Manufactures Products) standards.

"Egypt ensures 95% demand of medicines on its own market. I think, the new plant will also ensure greater deal of Azerbaijan's demand".

The volume of investments will be defined after the feasibility study of the project is worked out.

/APA/