date:Jun 24, 2014
US soft drinks giants Pepsi and Coca cola, through their Saudi Arabian partners, plan to invest nearly a billion dollars in Egypt as the north African country, which was hit hard by a series of political and economic setbacks during the Arab Spring, enters a peaceful transition after former army chief Abdel Fattah al-Sisi was elected as president.
A Reuters report quoted Saudi Arabias Almarai, the Gulfs biggest diary company, saying that together with Pepsi, they plan to invest at least $345 m