According to the chairman of the Arab Pharmaceuticals and Medical Supplies Manufacturers Association, Nizar Jerdaneh, the total pharmaceutical consumption in the Arab world reached $6 billion in 1999.
This figure was compared to the $375 billion worth of supplies consumed worldwide, with 80 percent of these going to the industrialized countries. In addition, Jerdaneh revealed that in 1999, the average per capita spending on pharmaceuticals in the Arab world was $21, the Al-Sharq Al-Awsat newspaper reported.
The estimated production of pharmaceuticals in the Arab world totaled $2.75 billion last year, representing 46 percent of the overall pharmaceutical consumption in the region. In 1999, the number of pharmaceutical manufacturing plants operating in the Arab world amounted to 219. —(Albawaba-MEBG)
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