Aujan plans $100m factory in Egypt

Saudi Arabia’s Aujan Coca-Cola Beverages Company plans to spend $100 million building a fruit-juice factory in Egypt over the next few years, a senior executive said on Monday, despite the challeges facing there after three years of political turmoil.
Meshal Alkadeeb, vice-president of strategy and business development, said the money would cover buying the land and setting up the factory in Egypt, which Aujan sees as a North Africa hub, mainly for Algeria and Libya.

“The plant will be commissioned between 2016 and 2017. We just started working on it,” Alkadeeb said. Egypt’s army-backed government is trying to attract foreign money back into the country and create jobs to ease social discontent as it manages the biggest Arab nation’s difficult transition to elections this year.

Compiled from Reuters