Al-Mashat welcomed Akinwumi Adesina, President of the African Development Bank, to Sharm El-Sheikh, the city of peace, during the annual meetings of the African Development Bank, explaining that the meetings take place at a vital time when the world and the African continent in particular are witnessing Multiple challenges affecting all aspects of development. The Minister of International Cooperation moved on to talk about the pharmaceutical market in Egypt, saying that the volume of the pharmaceutical market in Egypt records about $3bn and is expected to achieve a large annual growth rate during the coming period, referring to government efforts and measures taken by the state to restructure the pharmaceutical industry in Egypt. Al-Mashat reviewed the successful presidential initiatives to develop comprehensive health care services, including the 100 million health initiative, as well as the hepatitis C eradication initiative. She emphasized the government's endeavour, over recent years, to localize the pharmaceutical industry by attracting foreign investments and establishing investment projects with the aim of localizing the industry. In April 2021, the“Pharma City” was launched on an area of 180,000 square meters with a production capacity of 150 million packages annually, in light of the country's vision to transform into a regional centre for the pharmaceutical industry.
