Otsuka launches EGP 1b nutraceutical products plant in Egypt

Egypt’s Minister of Investment and Foreign Trade, Hassan Al-Khatib, laid the foundation stone for the Japanese Otsuka Company’s new factory on Sunday, with an investment of 1 billion Egyptian pounds in the 10th of Ramadan City for the manufacture of nutraceutical products.

Al-Khatib noted that the facility, which targets exports to African and Gulf markets, has received substantial support from the Egyptian government, including the granting of the Golden License to expedite implementation.

He emphasised that Otsuka, one of only three Japanese companies to receive this license, is a model for international firms entering the Egyptian market.

Attribution: Egyptian Cabinet

Subediting: M. S. Salama