CAIRO: Coca-Cola Hellenic Bottling Co. plans to pump $1 billion of investment into the Egyptian market over the next five years.
This plan follows the acquisition of the Swiss-based soft drinks bottler of Coca-Cola Egypt, a statement from the Egyptian Cabinet said on Nov. 24.
Prime Minister Mostafa Madbouli said the acquisition deal could be a positive step for Coca-Cola Hellenic in the Egyptian market.
The investment will include building factories and adding production lines. CEO of Coca-Cola Egypt, Ahmed Afify, was qouted as saying in the statement.
