new project aimed to manufacture drugs with potent active ingredients in order to be on par with their alternatives produced in all developed countries
President Abdel Fattah El Sisi said that the aim of establishing the Gypto Pharma City in Egypt was to manufacture high-quality products, with effective substances which are 100 per cent efficient.
The president said the government aimed to provide safe medicine at affordable prices and will continue to develop the capacities of producing all necessary drugs locally according to the highest international standards.
In his remarks during the opening of the Gypto Pharma City in el-Khanka, NE Cairo, Thursday, President Sisi said that the financial cost of the factories and the city was large, but the goal was not to achieve sales or make profit, but rather to have a real production capacity at the highest standard applied worldwide.
President Sisi said the new project aimed to manufacture drugs with potent active ingredients in order to be on par with their alternatives produced in all developed countries.
“I got upset when some said that we should get antibiotics from abroad due to the potency of their active substance,” adding that “the efficacy of the products to be produced at the city will not be 99.9 per cent, but 100 per cent effective,” he added.
President Sisi stressed that the state was ready to finance the second phase of the city, whatever its cost.
“Sometimes it’s not just about making profit but about securing needs,” Sisi affirmed, stressing eagerness on reducing pharmaceutical imports, including inputs of production.
“We injected large investments in those plants [in Gypto Pharma City] to manufacture high-quality products. They were designed for that purpose,” the president underscored.
Addressing the same ceremony, Prime Minister Moustafa Madbouli said that 400,000 anti-Covid-19 vaccine doses will arrive soon raising the figure to two million doses.
The prime minister highlighted that LE125 billion are invested by the private sector in the health sphere, while LE35 billion are invested by the public sector. He added that Egypt has achieved 88 per cent of our needs of drugs.
“We’re close to localising insulin production, a matter that helps stop importing the product,” the prime minister added. “We target launching a plasma production factory by the end of 2022, Madbouli declared.
President Sisi paid tribute to the late Salah El-Shazly or “the unknown soldier” who was the key, 8 years ago, behind the establishment of the pharma city with the help of international consulting companies to come up with this project in this integrated way.
The president also called upon the government to name one of the streets or squares of Egypt after El-Shazly in appreciation of his efforts.
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