Coca-Cola plans to invest EGP 1 billion in Egypt this year

Coca-Cola plans to invest around 1 billion Egyptian pounds ($63.6 million) in Egypt this year, its country general manager Moataz Abdel Rahman told Amwal Al Ghad on Tuesday.

As part of a 2020-2025 expansion strategy for Egypt, Abdel Rahman said the U.S. soft drinks maker’s new investment is designed to expand its production capacity in the North African country.

The new investment will also go for expanding Coca-Cola Egypt’s distribution network by growing its delivery fleet and adding new points of sale, including providing traders with refrigerators.

Coca-Cola is determined to continue its expansions in Egypt despite the repercussions of the coronavirus pandemic on world economies, Abdel Rahman added.