Minister of Industry Tarek Kabil while attending the exhibition- File Photo
CAIRO – 22 August 2017: Egyptian imports of medical supplies dropped to $800 million from $1.5 billion on an annual basis, Minister of Industry Tarek Kabil said on Tuesday.
The reduction in imports was attributed by Kabil to a progress in the local manufacturing of medical supplies, which he said cover 30 percent of the market needs.
“We have 230 companies operating in that sector with LE 4 billion ($2.25 billion) in investments, employing 22,000 engineers and workers,” the minister said.
Kabil made the statements while inaugurating an exhibition of a local medical supplies’ producer.
On the sidelines of the exhibition, Kabil stressed the importance of supporting the manufacture of medical supplies to enable Egyptian products to compete on local, Arab and African markets.
The exhibition was attended by Minister of Military Production Major Mohamed El-Assar who pointed out that several important initiatives are now being studied for supporting the manufacturing of medical supplies and equipment.