The meeting reviewed Otsuka’s existing investments in the
cities of 10th of Ramadan, Obour, Robbiki, and the Egyptian Pharmaceutical
City, as well as the company’s future investment plans to meet rising domestic
demand and expand exports to Arab and African markets.
Discussions also covered potential new investments by Otsuka
in the Suez Canal Economic Zone, taking advantage of the area’s strategic
location for exports.
The Ambassador emphasized the importance of the existing
strategic partnership with Otsuka and the company’s significant positive role
during the COVID-19 pandemic, positioning its presence as a model for Japanese
investment in Egypt.
Otsuka executives expressed pride in their investments in
Egypt since the 1970s and acknowledged the government’s support for their
expansion projects. They also confirmed their readiness to seriously consider
establishing investments in the Suez Canal Economic Zone, as part of the
company’s strategy to use Egypt as a gateway to Gulf and African markets.
Both sides stressed the importance of continuing their
partnership and cooperation, noting that Otsuka’s experience serves as a model
for attracting further Japanese investment in Egypt, particularly in
pharmaceutical manufacturing and raw material production, while promoting
localization and reducing import dependence to enhance Egypt’s competitiveness
in regional and global markets.