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PepsiCo looking to expand Egypt operations

Global food and beverage firm, PepsiCo has said it is looking to expand its operations in Upper Egypt and the Delta to increase sales, Daily News Egypt has reported. General Manager of the PepsiCo North East Africa and Egypt Business Unit, Ahmed El Sheikh has said has invested $200m in Egypt during the last two years, despite the volatile political conditions, which “reflects the company’s confidence in the Egyptian economy.” The company currently has 51% of the market share of carbonated beverages in Egypt and the same percentage for savoury snacks, El Sheikh noted.