Egypt keen to boost investments – minister

Egypt’s Investment Minister, Hassan El-Khatib, reaffirmed his Ministry’s commitment to supporting both local and international investments. This strategic focus seeks to address local market needs, create new job opportunities, and enhance economic growth rates.

During a recent meeting, Dan Timothen, General Manager of Coca-Cola Hellenic – Egypt, detailed the company’s plan to invest €1 billion in Egypt over the next five years. This investment will support new projects, expand production lines, improve operational processes, and provide staff training.

Coca-Cola Hellenic also plans to establish a digital services centre in Egypt to bolster its global operations and create substantial employment opportunities.

Coca-Cola Hellenic has significantly contributed to the Egyptian market, operating five factories and 27 sales branches. The company employs over 6,000 workers and generates more than 100,000 indirect job opportunities. Notably, Coca-Cola Hellenic sources over 95 per cent of its production components locally, reflecting its commitment to integrating with the local supply chain.

Attribution: Egyptian Cabinet

Subediting: M. S. Salama