date:Jun 23, 2014
Saudi Arabia's Almarai, the Gulf's biggest dairy company, and US soft drinks giant PepsiCo will invest at least $345 million in Egypt over the next five years, the Saudi firm said on Sunday.
The announcement was a fresh sign that after three years of stagnation because of political and economic turmoil following Egypt's 2011 revolution, foreign investment in the country may revive as a measure of stability returns.
The Almarai investment would be conducted through Egyptian dairy and juice pr