date:Jun 24, 2014
Swiss food giant Nestle opened its first confectionary plant in Egypt on Monday and is currently building a new factory in Dubai, its Executive Vice President and regional director Nandu Nandkishore said.
Nestle's move comes as other food and beverage retailers such as Coca-Cola Co, PepsiCo and Saudi Arabia's Almarai are announcing investments worth hundreds of millions of dollars in Egypt.
The new plant in 6th of October City on the outskirts of Cairo is a 65 million-Egyptian-pound ($9 millio