Egypt's Prime Minister Moustafa Madbouly witnessed the signing of a shareholders' agreement to establish a factory to produce blood collection bags and bladders in the Suez Canal Economic Zone (SCZone) in Ain Sokhna. The agreement is a partnership between the Egyptian Company for Medical Investments (ECMI), Japanese company JMS, and Interpharm Egypt for medical industries. The agreement formalises a previously announced plan to establish a high-quality, locally manufactured supply of blood bags, with the aim of meeting 100 per cent of Egypt's annual demand and boosting exports to the Middle East and North Africa. The factory is expected to produce 7 million units by its seventh year, of which 4 million are earmarked for export. The project will involve investments of 1.4 billion Egyptian pounds and span 7,000 square metres in Ain Sokhna, featuring sterile production areas and advanced warehouses. The location is intended to leverage the zone's logistical advantages and investment incentives. The Egyptian Authority for Unified Procurement Chairman Hisham Stait said the plant would support the localisation of advanced medical manufacturing, ensure safe and high-quality blood transfer standards, and contribute to foreign currency inflows through exports. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
