The Coca-Cola Hellenic Company has announced plans to invest a billion dollars in The Egyptian market in the five years Coming after the acquisition of “Coca-Cola Egypt”.
The announcement came after the Egyptian Prime Minister, Dr. Mostafa Madbouly, met with members of the board of directors of the international company “Coca-Cola Hellenic”, and representatives of the “Coca-Cola Egypt Manufacturing and Bottling Company”, in presence of the Minister of Trade and Industry, Nevin Gamea, and of the Chief Executive Officer of the General Authority for Investments and Free Zones, Director Mohamed Abdel Wahab. .
During the meeting, Madbouly praised the long and successful presence of “Coca-Cola” in the Egyptian market and welcomed the company’s recent agreement to acquire the “Coca-Cola Egypt Manufacturing and Bottling Company”, which reflects his confidence in the performance of the Egyptian economy, resulting from the effectiveness and balance of the economic and financial policies followed by the Egyptian government in recent years.
The Prime Minister stressed that the acquisition is a positive step towards the expansion of “Coca-Cola Hellenic” in the Egyptian market, in as it is one of the largest markets in Africa, expressing the hope that the next period will see significant growth for the company in Egypt.
Dr. Mostafa Madbouly stressed the government’s continued willingness to provide support to local and international private sector companies, due to the leading role these companies play in creating new job opportunities and contributing to rate hikes. of economic growth.
For his part, David Smith, Director of Operations at Coca-Cola Hellenic Company, examined the company’s working mechanisms and its business global, noting that it has companies that bottle Coca-Cola products in 28 countries, and Egypt will be the 29th country to join the group.
He explained that the company has long been conducting a careful studio of the Egyptian market, and closely followed the performance of the Egyptian economy and economic indicators, as it saw the progress made by the government on various political, economic and security levels, which encouraged it to enter the Egyptian market forcefully .
On the other hand, the managing director of Coca-Cola Egypt, engineer Ahmed Al-Afifi, indicated that the acquisition operation is the starting point for the expansion in the Egyptian market, pointing out that Coca-Cola Hellenic intends to invest a billion dollars over the next five years, ranging from the establishment of factories, the addition of production lines, the development of work mechanisms according to standard as well as the transfer of skills and training frameworks.
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