New $4.5 Million Technological Project to Boost Medical Manufacturing in Egypt
Economy Plus – The Suez Canal Economic Zone has welcomed a new investment in the medical technology sector with the signing of a contract for a project by BMEC Imaging to establish a specialized facility dedicated to the manufacturing and remanufacturing of medical devices. The facility will be located in the industrial area of Ain Sokhna, backed by an investment totaling approximately $4.5 million (equivalent to 214.6 million Egyptian pounds).
Project Overview and Significance
This project represents one of the most prominent new investments in advanced healthcare manufacturing in Egypt. The planned facility will produce critical medical equipment such as X-ray tubes and devices, dialysis machines, and will also focus on remanufacturing sophisticated medical systems including Cathlab, PET CT, MRI, and CT scanners. The project will be implemented through phased operational plans aimed at localizing technology production and creating hundreds of direct and indirect jobs in engineering and medical technology fields.
Statements from Authorities
Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone Authority, emphasized that this initiative reflects a strategic shift towards attracting high-quality investments, especially in sectors closely linked to industrial technology and innovation. He elaborated that the Authority is committed to transforming the zone into a regional hub for medical manufacturing and exports, leveraging its integrated logistics and strategic location at the crossroads of the Red Sea and Mediterranean Sea. This prime positioning provides a competitive advantage for access to African and Arab markets.
El-Din further stated that the project aligns with the national vision of reducing reliance on imports and increasing local content in vital industries. He affirmed that the medical technology sector is a key priority within Egypt’s broader national manufacturing plan.
BMEC Imaging’s Regional Ambitions
Mohamed Salah, Chairman of BMEC Imaging Egypt, highlighted the project’s goal to establish Egypt as a regional center for medical device remanufacturing and technology transfer. He pointed out that the new plant would enhance the skills and competencies of Egyptian technical personnel and support a transition toward sustainable industries.
BMEC Imaging is a globally recognized company, originally founded in India, with operations spanning Dubai, Nigeria, and Nepal. Specializing in manufacturing and maintenance of medical devices, the company’s entry into the Egyptian market forms part of its expansion strategy to strengthen its presence in the Middle East and Africa. This move is consistent with the objectives of the Suez Canal Economic Zone to attract technologically advanced investments focused on healthcare innovation.
Outlook
As medical technology becomes an increasingly critical sector for Egypt’s industrial diversification and economic growth, projects like BMEC Imaging’s facility in Ain Sokhna signal strong momentum toward localizing high-tech manufacturing capabilities. By fostering investment in medical device production and remanufacturing, Egypt is advancing its goal to become a pivotal regional player in healthcare technology, creating jobs and contributing to sustainable industrial development.
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