PepsiCo aims to inject $100m new investments into Egypt

PepsiCo Egypt is looking to invest $515 million in the local market between 2018 and 2021, the company’s chairman and CEO, Mohamed Shelbaya, said.

A total of $100 million worth of investments will be injected in 2020, Shelbaya noted in a statement released by the General Authority for Investment and Free Zones (GAFI) on Sunday.

PepsiCo’s chairman discussed the company’s investment plan during the current period with GAFI’s CEO, Mohamed Abd El-Wahab.

PepsiCo will focus on social responsibility in many sectors, most importantly women empowerment and entrepreneurship, in addition to contributing to efforts against the coronavirus (COVID-19), Shelbaya noted.