Medixia Global to increase its investment in Egypt to EGP 30 million by 2021 end
The company to expand into a number of African markets by mid-2022
Medxia Global, a healthtechnology solutions and products company, aims to increase its investments into the Egyptian market by 30 million pounds by the end of 2021, the company’s president Mohamed Fayek said.
He added that his company has received funding from a local investor of EGP 5 million to increase its capital and expand its business in its operating countries.
He explained that his company aims to focus on developing digital health applications to keep pace with technological development and global changes within the sector.
Fayek revealed that the company is currently paying close attention to digital transformation in order to help healthcare providers.
He continued that the digitization of the health sector is linking various entities together under a unified system including telecommunications services companies, hospitals, government and regulatory bodies, as well as medical educational institutions.
Fayek noted that Medixia Global is an agent for more than 15 brands in medical technology solutions in several countries, most notably Singapore, China, Thailand, India, Malaysia, Italy and Spain.
Fayek added that Medixia Global has a presence mainly in the UAE and Singapore and plans to expand by mid-2022 in a number of African countries including Kenya, Uganda and Nigeria through partnerships with service providers there to support the needs of the health system and the nature of users.
Medixia Global was founded in 2009 and works in the field of medical technology solutions and electronic health systems, whether applications on mobile devices or the web, hospital management software, health care analytics data analysis and Artificial Intelligence (AI).
