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Monday, 6 June 2016

Hikma looking to increase exports out of Egypt to USD 50 mn

Jordan’s Hikma is looking to bolster exports to Africa from its Egyptian subsidiary and the GCC to a minimum of USD 50 mn from USD 3 mn over the next four years, executive vice chairman Mazen Darwazah told Al Mal. Hikma has a 3% market share in Egypt, making it the ninth largest manufacturer in the country, he added, The company aims to become one of the top five manufacturers by 2020. Hikma will invest EGP 500 mn to upgrade its infrastructure, he added.

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