Egypt’s Ministry of Health and population has earmarked EGP7 billion to be invested in establishing and renovating a total of 135 hospitals in 2016 and 2017, according to an interview with Minster Ahmed Emad Al Din on the sidelines of the African Investment Forum by Al Borsa. The Ministry is currently finalising the establishment and renovation of 25 hospitals in a number of governorates, to be delivered before May 2016; five to be opened within a few days, 20 to be delivered within three months and the remaining (of the 135) to be delivered within the next 22 months. The Ministry will finance the establishment and renovation plans from the EGP4.7 billion portion of the Ministry’s budget set for investments. The Minster is also seeking to intensify its presence in the African healthcare market, with plans to establish two drug production facilities in Ethiopia and Gabon, where the financing will be provided by the local private sector. (Al Borsa)