The investment programme announced in 2011, in the company’s existing factories and distribution centres, reflects confidence in the future prospects of a market where Nestlé has been present since the early years of the last century.
Around 200 jobs have been created as a result of the first tranche of investment worth more than CHF 75m.
The company will invest the remaining CHF 75m as planned and create more than 300 new jobs by 2014.
Nestlé began selling its products in Egypt over 100 years ago. Today Nestlé Egypt has three factories, seven distribution centres and employs over 3,000 people.
The investment pledge was reaffirmed at an event in Cairo, the capital of Egypt to mark the company’s presence in Egypt for more than 100 years.
Source: Nestlé
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