Egypt’s Acdima to set up USD 165 mn pharma factory

Acdima to set up USD 165 mn factory in SCZone: The Suez Canal Economic Zone (SCZone) board on Thursday greenlit a decision allowing the Arab Company for Drug Industries and Medical Appliances(Acdima) to set up a USD 165 mn factory for the production of 28 active substances used in the pharma industry, according to an SC Zone stateme nt

In detail: The first phase of the project, worth some USD 101 mn, will see Acdima set up production lines for 21 pharma raw materials and is set to start operations in 2026. The second, USD 64-mn phase of the project for the remaining seven inputs is scheduled to come online in 2030.