Vernbro Global to open EGP 1B pharmaceuticals factory in Egypt within year

Updated 10/30/2024 9:41:00 AM
Vernbro Global to open EGP 1B pharmaceuticals factory in Egypt within year

Arab Finance: Vernbro Global Investment is planning to complete the construction of a pharmaceutical factory in Beni Suef within a year, with investments of EGP 1 billion, the company’s CEO Sherif Younes told Al Borsa News.

The factory spans an area of 7,000 square meters, Younes said.

He pointed out that the company is currently developing two logistics zone projects in Tanta and Kafr El Sheikh, with expected total investments of EGP 6 billion for the Kafr El Sheikh project.

He added that Tanta project is 90% complete, while Kafr El Sheikh project is 30% complete.

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