Companies / China
If you would like to subscribe to Middle East & Africa Pharma & Healthcare Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Pharma & Healthcare Insight please click on the trial link below.
China To Build Pharmaceutical Plant In Nigeria
December 2006 | FDI AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East & Africa Pharma & Healthcare Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Pharma & Healthcare Insight please click on the trial link below.
To penetrate emerging African markets, China's Sichuan provincial government is to build a pharmaceutical production facility in Nigeria's south-western state of Osun. A memorandum of understanding has been signed and construction of the US$50mn plant is expected to be completed in June 2007. It is BMI view that China's investment is motivated by a desire to gain early foothold in one of Africa's most populous countries where returns could be extraordinary if Nigeria's economy develops only marginally.