Cairo – Mubasher: Coca-Cola Bottling Company of Egypt is looking to inject new investments worth EGP 5 billion in the local market over the coming five years, the company’s CEO Ahmed El-Afifi said.

The new investments will be used in establishing new production lines and increasing the number of outlets, El-Afifi added in a statement released by the cabinet on Sunday.

Coca-Cola is planning to invest about EGP 1 billion in 2020, he noted, adding that the company is committed to supporting community development initiatives, such as its initiatives to develop 100 of the neediest villages in the country, make drinking water accessible to all people, and create jobs for youths and women.

The company also launched a new initiative to face the repercussions of the coronavirus (COVID-19) pandemic by supporting 10,000 of the most coronavirus-hit clients.