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Investment projects in SamarraInvestment projects in Samarra
Iraq 05/23/2024
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Baghdad: Shatha Al-Janabi
The General Company for the Manufacture of Pharmaceuticals and Medical Supplies in Samarra is implementing investment projects that are scheduled to be opened during the next year, while the number of pharmaceutical factories for the public and private sectors has so far ranged between 80-85.
The company's director, Muhammad Abdul Qadir Al-Nuaimi, told Al-Sabah: There are investment projects being implemented within the company and other external factories in Nineveh and Baghdad, which will be completed during the next year based on the contractual period fixed
with the investment authorities.
He added that the completion rate of the grain production project has reached 65 percent, as production will begin during the first half of next year. Its area is six thousand square meters and will be implemented in cooperation with the General Company for Communications Equipment according to the investment plan.
He explained that the number of national and private factories currently ranges between 80 and 85, and there are other factories under construction after obtaining an establishment license, and others have submitted their offers but have not obtained approvals yet, and it is hoped to reach self-sufficiency after their completion in the future to support the national economy.
Al-Naimi pointed out that the budget for importing medicines is estimated at three billion dollars annually, and our ambition is to allocate it to the national industry, localize medicines and dispense them at reasonable prices, in addition to providing job opportunities for graduates and specialized staff.
He stated that the company's production program, in its various pharmaceutical forms, is represented by the production of various types of pills in quantities amounting to 160 million pills annually, distributed between the Ministry of Health and specialized pharmaceutical marketing agencies, while the production of various syrups reached approximately one million and 100 thousand bottles per month, in addition to the production of ointments, which amounted to two million. A monthly tube of various uses for the benefit of the specialized marketing agency, pointing out that contracts were concluded with the pharmaceutical marketing company (Kimadia) according to demand for any
type of preparation.
Edited by: Ali Mowafaq
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