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Investment in Egypt ? Egypt is renowned for its cultural depth and tolerance, its intellectual capital and its stable economic and political institutions, ensuring an environment that is conducive to long term business investment. More >> Economy – Pharmaceutical Egypt is considered the largest producer and consumer of pharmaceutical products in the Middle East, accounting for 30% of the supply of the MENA Region. There is a focus on drug formulation rather than research. Local production is concentrated on end-use products for final consumption, with 85% of its primary elements being imported, resulting in limited backward linkages. The domestic market for synthetic products, based on IMS data (excluding hospital sales) was worth EGP 5.7 billion. The most significant product areas are: alimentary and metabolism; systemic anti-infective; cardiovascular system; musculo-skeletal system; respiratory system; and central nervous system. The Pharmaceutical Sector accounted for LE 5.7 of total investment cost until April 2005 with total issued capital of L.E. 5.4 billion in 336 projects , and with investment cost of L.E. 7.1 billion, the participation of foreigners in the issued capital valued by L.E.1.15 billion (21%). Total sales in 2001 were EL 3.4 billion Source: The Seventh International Conference on the Impact of Globalization on Development & Health Care Services in Islamic Countries. Economy Overview Tourism Textile Automotive Information Technology Agriculture & Food Processing Petrochemicals Pharmaceutical