{"id":560899,"date":"2021-03-17T03:53:15","date_gmt":"2021-03-17T03:53:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/coca-cola-porto-group-and-btech-have-big-plans-this-year\/"},"modified":"2021-03-17T03:53:15","modified_gmt":"2021-03-17T03:53:15","slug":"coca-cola-porto-group-and-btech-have-big-plans-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/coca-cola-porto-group-and-btech-have-big-plans-this-year\/","title":{"rendered":"Coca Cola, Porto Group, and BTech have big plans this year"},"content":{"rendered":"

<\/a> Coca-Cola Egypt is planning to invest EGP 1 bn in Egypt this year to expand its <\/strong>production capacity<\/strong>, including setting up a new production line, General Manager Moataz Abdel Rahman told the press yesterday, according to Masrawy<\/a>. The beverages company will also expand its distribution network by growing its delivery fleet and adding new points of sale, including providing traders with refrigerators. The investment is part of the company\u2019s plan to invest EGP 5 bn between 2020 and 2025, which CEO Ahmed Elafifi announced last year<\/a>.<\/p>\n

OTHER INVESTMENT NEWS- <\/strong><\/p>\n

Porto Group will spend some EGP 20 bn at three new residential <\/strong>projects<\/strong>, Golf Porto Cairo, Porto Assiut and Porto Agadir, as part of the company\u2019s restructuring plan<\/a> launched last November, Chairman Gamal Fathalla said at a press conference, according to Hapi Journal<\/a>. The EGP 4.5 bn Porto Assiut development will be completed over six years, with the first phase slated for completion within three years, he added.<\/p>\n

Porto Group plans spending of EGP 1.3 bn on its pipeline of projects this year<\/strong>, Vice Chairman Ayman Bin Mokhtar Khalifa said at the same event<\/a>, without specifying where the funds would be allocated.<\/p>\n

MEANWHILE: <\/strong>White goods retailer BTech is investing EGP 521 mn this year<\/strong>, CEO Mahmoud Khattab said, at the inauguration of BTech\u2019s latest branch in Port Said, according to Masrawy<\/a>. The new location brings BTech\u2019s total branch count across the country to 99.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coca-Cola Egypt is planning to invest EGP 1 bn in Egypt this year to expand its production capacity, including setting up a new production line, General Manager Moataz Abdel Rahman told the press yesterday, according to Masrawy. The beverages company will also expand its distribution network by growing its delivery fleet and adding new points […]<\/p>\n","protected":false},"author":1,"featured_media":560900,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[1760,72,125,669],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-coca-cola","tag-enterpriseam","tag-investment-watch","tag-porto-group","wpautop","entry"],"acf":{"mongo_id":"cf7d73dc-bead-4055-b4cf-0b8e74a4c116","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/228.jpg","photo_position":"above","related_issue":[560892],"teaser":"","voice_url":""},"yoast_head":"\nCoca Cola, Porto Group, and BTech have big plans this year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/coca-cola-porto-group-and-btech-have-big-plans-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coca Cola, Porto Group, and BTech have big plans this year\" \/>\n<meta property=\"og:description\" content=\"Coca-Cola Egypt is planning to invest EGP 1 bn in Egypt this year to expand its production capacity, including setting up a new production line, General Manager Moataz Abdel Rahman told the press yesterday, according to Masrawy. 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The plan is part of a wider strategy to invest EGP 5 bn over the coming five years, CEO Ahmed Elafifi said in a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555756,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/coca-cola-hbc-to-spend-usd-1-bn-on-egypt-expansion-over-5-years\/","url_meta":{"origin":560899,"position":1},"title":"Coca-Cola HBC to spend USD 1 bn on Egypt expansion over 5 years","author":"enterpriseam admin","date":"25 November 2021","format":false,"excerpt":"Coca-Cola Hellenic Bottling Company (HBC) is looking to invest USD 1 bn in the Egyptian market over the next five years following its acquisition of Coca-Cola Bottling Company of Egypt (CCBCE), CEO Ahmed Afify told PM Moustafa Madbouly yesterday, according to a cabinet statement. 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QNB Al-Ahli\u2019s net profits dipped 8% to EGP 1.87 bn in 1Q2020\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598132,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/earnings-watch-efg-hermes-talaat-moustafa-telecom-egypt-porto-group-credit-agricole-vodafone-egypt\/","url_meta":{"origin":560899,"position":4},"title":"Earnings Watch: EFG Hermes, Talaat Moustafa, Telecom Egypt, Porto Group, Credit Agricole, Vodafone Egypt","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes net profits rise 51% y-o-y in 1Q2019 to EGP 374 mn, the company announced in a statement (pdf). Revenues rose 42% y-o-y to reach EGP 1.3 bn, up from EGP 945 mn in 1Q2018. Earnings growth was driven by a 58% y-o-y increase in commissions and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642427,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/earnings-watch-porto-group-arabian-cement-company\/","url_meta":{"origin":560899,"position":5},"title":"Earnings watch: Porto Group, Arabian Cement Company","author":"enterpriseam admin","date":"14 August 2017","format":false,"excerpt":"EARNINGS WATCH- Arabian Cement Company reported a consolidated net profit after tax in 2Q2017 of EGP 12 mn, down from EGP 109 mn in 2Q2016, according to the company\u2019s financial statements. Revenues for 2Q2017 fell to EGP 541 from EGP 574 mn during the same period last year.Porto Group reported\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560899"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560899\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/560900"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560899"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560899"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}