The company intends to construct a factory for the production of healthy drinks and nutritional supplements constituting a USD 30 million investment.
Prime Minister, Dr. Mostafa Madbouly, met this evening with officials of Egypt Otsuka Pharmaceuticals, a company affiliated to the Japanese Otsuka Group. They discussed the company's plans to increase the volume of its investments in Egypt in the upcoming period.
The meeting was attended by Counselor Mohamed Abdel Wahab, GAFI CEO; Mr. Yoshihiro Bando, Egypt Otsuka Pharmaceuticals Vice CEO; Mr. Kyoto Taira, Otsuka Group Director for the Middle East Region; and Mr. Ahmed Zagloul, Egypt Otsuka Pharmaceuticals CEO.
During the meeting, Mr. Zagloul stated that the company intends to construct a state-of-the-art facility for the production of healthy drinks and nutritional supplements in Egypt. This facility is expected to be an investment worth USD 30 million providing products conforming to Otsuka Group's message that good health is not the result of good treatment, but rather the result of a healthy diet.
Mr. Zagloul explained that the Japanese company Otsuka is specialized in the field of pharmaceutical industries, nutritional supplements and healthy drinks. Moreover, it is present through 194 companies in 32 regions around the world, and employs about 47,000 employees.
He added that "Egypt Otsuka Pharmaceuticals" started working in Egypt in 1977 after the establishment of the first factory for the production of intravenous solutions using a Japanese technology in the Middle East under the name "Arab Otsuka" company. Afterwards the company's business developed in the Egyptian market by adding new production lines and doubling production capacity more than once to keep pace with the needs of the local and export market.
In addition, He pursued that in 2021 a strategic partnership was signed between "GYPTO Pharma - Egyptian Medicine City" and "Egypt Otsuka Pharmaceuticals" to support the field of pharmaceutical production in Egypt and exporting to neighboring countries and to Africa. The aforementioned conform to the policy of the Egyptian state, and the vision of the political leaderships of the state, which is to implement international quality standards for the Egyptian product, encourage investment inside Egypt and remove all obstacles that may encounter the investors.
He also thanked GAFI CEO for promptly taking the procedures for allocating the plot of
land on which the new factory will be built, and for speeding up all procedures for its
establishment.
In the same context, Vice CEO Mr. Yoshihiro Bando, confirmed that the policies of the
Egyptian State's had a positive impact on "Otsuka Holding" by increasing investments inside
Egypt since it is the main gateway to Africa's export.
He added that the factory built-to-be would represent a paradigm shift in safe food
production in Egypt for better health using Japanese technology since its exports would be
allocated to the markets of Gulf Cooperation Council countries and Africa, in addition to
the needs of the local market.
