Cairo – Mubasher: Johnson & Johnson (J&J) has injected EGP 125 million in new investments in Egypt during 2019, raising the total value of its investments in the most populous Arab nation to EGP 2.3 billion, the country’s minister of trade and industry Amr Nassar said.
The increase in investments reflect the multinational company’s interest in the Egyptian market as one of the major markets in Africa and the Middle East, according to a statement released by the Egyptian cabinet on Tuesday.
Nassar affirmed that Egypt has the potential to be a regional hub for the pharmaceutical industry, given its strategic location and huge industrial base.
