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PHARMACARE gears up for expansion in the Arab Markets through its factory in Malta

2013-09-10

Dar Al-Shifa"a for the Manufacturing of Pharmaceuticals PHARMACARE -based in Ramallah- is preparing to expand in the Arab markets, through a built factory on the island of Malta - a member country of the European Union- with a paid up capital of 12 million euros that will rise to 16.5 million euros. The general director of the company Bassem Khoury said that the objective of the establishment of the factory in Malta is to enter into the markets of the Arab world that Palestine is  facing many directly obstacles for entrance. In particular, Dar Al-Shifa"a is targeting market of Saudi Arabia, Iraq, Algeria, Libya and the United Arab Emirates, which together constitute a $4 billion market.