Sector Background:

• The Egyptian pharmaceuticals and cosmetics sector is considered the largest in the region with
regards to growth capacity and expansion during the coming five years compared to similar sectors
in neighboring countries
• Growing increasing of expenditure in this sector reached LE 2.4 billion in 2009. This figure is
expected to hit LE 4.24 billion in 2014 with an annual increase rate of 11.4%.
• Fixing the pharmaceuticals pricing policy shall be a great push for growth during the coming five
years. Medicines should be sold at reasonable prices and this in general will make generics the right
choice as an alternative.
•Egyptian Pharmaceutical sector shall benefit from the availability of raw material manufactures
which leads to reducing imports and costs carried by local pharmaceutical manufacturers.
•Governmental support of Direct Foreign Investment shall help in creating a strong pharmaceutical
industry in Egypt.
•Pharmaceutical Sector in Egypt posses many strengths namely: expansion of local manufacturing,
pharmaceutical exports exceeding market expectations, cheap labor, the need for reasonable price
pharmaceuticals leading to local manufacturing of generics.