Cairo – Mubasher: Johnson & Johnson (J&J) has expanded into the Egyptian market with a value of EGP 125 million during 2019, the company’s managing director for emerging markets for Europe, the Middle East, and Africa Luis Diaz-Rubio said.
The multinational company injected these investments into the most populous Arab nation on the back of the improved investment climate in Egypt, especially in the pharmaceuticals sector, Rubio noted in a statement released by the Egyptian Ministry of Investment on Sunday.
J&J’s business volume in the North African nation amounted to EGP 2.3 billion, he revealed.
