The Traderszone Network

Published in TZ Latest News 19 January, 2015 by The TZ Newswire Staff

Nestle plans to invest $138 million in Egypt in next few years

Swiss food giant Nestle plans to invest about 1 billion Egyptian pounds ($137.93 million) in Egypt in the next few years and believes economic reforms could deliver results, its regional CEO said on Monday. Political and economic instability triggered by the uprising that toppled autocrat Hosni Mubarak in 2011 have not discouraged Nestle from investing about the same amount in the years since then.

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