ArabFinance: UK-based nutraceutical player Vitabiotics will invest EGP 1 billion in Egypt over the next five years to expand its footprint, Yasmine Zayed, chairman of the company's Egypt arm, told Amwal Al Ghad on January 19th.
The investment will be used to finance upgrades to the groups manufacturing capabilities, allowing Vitabiotics Egypt to locally produce another 24 products.
Spending on the health sector will rise to EGP 95.7 billion in the fiscal year 2020/2021.
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