Saudi's Almarai, Pepsico to invest at least $345 mln in Egypt


CAIRO/DUBAI: Saudi Arabia's Almarai , the Gulf's biggest dairy company, and U.S. 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.

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