Coca-Cola Invests In Egypt And Pakistan, Sees Big Sales Growth
- Publisher:
- Wochit
- Publication Date:
- 18 June 2014
- Tags:
- Egypt, Investment, Economy, Business and Finance
Coca-Cola expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year. The U.S. soft drinks maker's investment is a particular boost for Egypt, which is desperate to attract foreign direct investment after three years of political and economic turmoil that has seen its foreign currency reserves shrink and budget deficit swell to around 14 percent of GDP last year.
