From Reuters

Coca-Cola Co (KO.N) 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, its Middle East and North Africa president told Reuters.

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.

“Egypt is going to be one of our key anchor countries,” Curt Ferguson said on Wednesday, citing the country’s large and growing population as a big positive. “For sure the other key anchor will be Pakistan.”

Written by Shadia Nasralla/Read more at Reuters