Germany, the largest exporter of pharma to Islamic countries
Germany is the largest exporter of pharmaceuticals to the 57 countries of the Organisation of Islamic Cooperation (OIC).
The European Union’s biggest economy sold some $5.2 billion worth of pharma to OIC nations in 2019, according to the State of the Global Islamic Economy 2020/21 report from DinarStandard. This constitutes around 13.5% of all pharma exports to the OIC in 2019.
Germany’s prowess in pharma was recently acknowledged by a leading Islamic economy. In October, around 5.6% of Evotec shares were acquired by UAE’s investment company Mubadala for 200 million euros ($241 million). The German drug development company will use the funds for the global scale-up of biologics strategy, data-driven precision medicine processes, and drug discovery platforms.
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