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Coca-Cola to invest $500m in Egypt

March 5, 2014 12:45 am

Coca-Cola has unveiled plans to spend $500m on expanding its presence in Egypt, Daily News Egypt has reported. The announcement comes after Saud-based Aujan Coca-Cola Beverages Co said last month it plans to spend $100m to build a fruit-juice factory in Egypt. The firm’s vice president of strategy and business development Meshal Alkadeeb said the plant will be ready between 2016 and 2017.