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Monday, 15 June 2020

Coca-Cola Egypt plans to invest EGP 1 bn this year

INVESTMENT WATCH- Coca-Cola Egypt is planning to invest EGP 1 bn this year to expand production capacity and increase sales outlets, a cabinet statement said yesterday. The plan is part of a wider strategy to invest EGP 5 bn over the coming five years, CEO Ahmed Elafifi said in a meeting and GAFI chairman Mohamed Abdel Wahab. Coca-Cola said in November that it planned to spend USD 500 mn on its Egypt operations over the coming three years after investing USD 500 mn between 2016 and 2019.

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