Cairo – Mubasher: Fitch Solutions has said that Egypt’s pharmaceutical and healthcare markets have been one of the most attractive in the Middle East and North Africa (MENA).
The government's efforts to improve the sector will attract further foreign investments in the coming period, according to a recent report.
Recent economic reforms, including the new health insurance law, the establishment of the Egyptian Drug Authority (EDA), and the new investment law, will raise demand for healthcare services and medicines, enhance the business environment, and encourage foreign investments.
Fitch Solutions noted in its report that the North African nation will face some challenges embodied in its restrictive drug pricing regime and the flotation of the Egyptian pound over the coming years despite the positive outlook.
In December 2017, the Egyptian Parliament approved a proposed bill by the government regarding the new integrated health insurance law.
