A combination of regional authorities has come together to announce the establishment of a 4 mile square area devoted to manufacturing medical supplies, equipment and pharmaceuticals, to serve Egyptians and other countries.
It will be situated in the Suez Canal Economic Zone (SCZone) and has been signed off by the General Authority for the SCZone, the Military Production Ministry, the Armed Forces Medical Services Department, and Unified Purchasing Committee at a recent meeting.
The main aim behind the project is to decrease the heavy costs of bringing in the many supplies and equipment that are currently imported into the area. Local governmental agencies represented by the chairman of the SCZone Ahmed Darwish, Military Production Minister Mohamed Al-Assar, and Head of the Unified Purchasing Committee, Major General Bahaa Eddin Morsi met to discuss ways to implement the mechanisms necessary for the project.
The industrial zone will not only provide medical equipment and supplies locally, but will form a gateway from Egypt to Africa and other Arabian countries, thereby not just cutting down on import costs, but also providing revenue through exports. The plan is a long term goal for the region, that government ministers hope will convert the area into a ‘commercial gate for trade.’