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Turkey continues to dominate the MENA pharma region as regional manufactures expand at double-digit pace with the arrival of international players.
CPhI Istanbul will return to ICC Istanbul Congress Center, Istanbul, Turkey from 3 to 5 June 2015 for the second time. Co-located with P-MEC, InnoPack, and ICSE, these four events in one location provides a meeting point for global suppliers of raw materials, machinery, packaging solutions, and contract services to interact with domestic and international pharmaceutical companies. CPhI Istanbul is said to offer an integral gateway for companies looking to deliver drugs throughout Central Asia, the Middle East, North Africa, and Eastern Europe.
Turkey is fast emerging as a new hub for pharma manufacturing. More than 200 exhibitors from 23 countries and over 4000 visitors are expected at this year’s event. The pharma market in Turkey is now valued at 14.6 billion Turkish Lira (an 8% increase from 2013). Moreover, Turkey’s domestic pharma economy has more than 300 companies, most of which are cGMP compliant, and produces more than 8,000 drugs. In contrast, exports have grown nearly 5% in the past year to reach a total of just under $1 billion, with South Korea, Switzerland, Germany, Iraq, and Iran as its main partners.
According to the 2014 CPhI Pharma Insights report, produced by CPhI in collaboration with GBR, many of Turkey’s largest manufacturers are reporting double-digit growth rates. An updated analysis report will be launched at the 2015 event, providing attendees with vital information to help make business decisions across this diversifying region.
Gökhan Gökçe, partner at law firm YükselKarkÄ±nKüçük, commented in a press statement that over the next five years, we will continue to see multinational corporations invest in the Turkish market. “We know of several large global companies that are looking to make buy-ins.”
To help attendees traverse the diverse range of contacts and businesses, CPhI Istanbul provides a “supplier finder desk” and “CPhI mobile app.” These services have been specifically designed to help attendees achieve their individual business goals and to make on-site navigation easier.
“Turkey is the sixth largest market in Europe, and 16th largest globally,” said Erik Heemskerk, brand director at UBM EMEA, in a press release. “However, it is its position as the distribution hub for the entire MENA region that is attracting so much international interest. More and more companies are looking to break into what is a dynamic and reforming market and CPhI Istanbul provides the best platform to facilitate this. The event successfully brings together both domestic and international buyers and suppliers and has, undoubtedly, contributed to the continued expansion of one of the fastest developing and most vibrant pharma manufacturing economies. What is noticeable about the event’s profile is the growth in the interest we are seeing from international pharma companies”.
The main sponsor of the CPhI Istanbul 2015 is Deva and the event is organized with the support of the Ministry of Health (Turkish Medicines and Medical Devices Agency); the Pharmaceutical Manufacturers Association (IEIS); and KOSGEB (Republic of Turkey Small and Medium Enterprises Development Organization).