Egypt’s UG Medical Company and the Japanese Zixi Company signed a partnership yesterday to build a medical equipment factory in the Industrial Development Authority’s Kattameya Industrial Zone.

The two companies announced this in a meeting yesterday with the Industrial Development Authority (IDA) in the presence of Mohamed Abdel Karim, IDA’s Chairman and representatives of the Egyptian UG Medical and the Japanese Zixi company.

Abdel Karim praised the new project and stated that its investment amount to EGP 600 million on an area of ​​3500 square meters. He pointed to the importance of attracting high-tech projects to the Egyptian market, especially since the medical industries sector which is one of Egypt’s vital industries.

The project will contribute to meeting local market needs and exports, as the company intends to allocate 70% of its production for exports to foreign markets such as South America, Africa, and the Middle East.