• Register

Almarai, PepsiCo to invest $345m in Egypt

: Monday, June 23 - 2014 @ 04:42

The GCC region’s biggest dairy company, Saudi-based Almarai has said it will invest with US soft drinks giant PepsiCo at least $345m in Egypt over the next five years, Reuters has reported. The investment would be conducted through Egyptian dairy and juice products firm International Company for Agro-Industrial Projects (Beyti), a subsidiary of International Dairy & Juice Ltd, which is owned 52% by Almarai, and the remainder by PepsiCo. The investment plan includes setting up a new juice factory, expanding existing facilities, increasing Beyti’s fleet of vehicles and sales network, and creating a new dairy farm for 5,000 cows, Beyti’s chief executive Mohamed Badran, said.

Today's Top Stories

Posted by

Monday, June 23- 2014 @ 4:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs