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Sunday, 1 March 2020

Pfizer is looking to increase investments in Egypt by USD 70 mn

INVESTMENT WATCH- Pharma giant Pfizer is looking to invest an additional USD 70 mn in Egypt “in the coming months,” Pfizer Vice President and Assistant Treasurer Brian McMahon told Planning Minister Hala El Said on Thursday, according to an official statement. The statement did not provide further details on the planned investments. Pfizer has invested a total of USD 80 mn to support its operations in Egypt and was among several pharma makers that said at the end of last year they are looking to expand investments in Egypt and make the country a regional center of operations.

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