cocacola opens first factory in gaza stripafter a ceremony
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Coca-Cola opens first factory in Gaza Strip after a ceremony

Egypt Today, egypt today

Egypt Today, egypt today Coca-Cola opens first factory in Gaza Strip  after a ceremony

A Coca-Cola bottling factory in the Gaza Strip
Gaza City - AFP

Coca-Cola formally has opened its first factory in the Gaza Strip, the company announced Wednesday, in a move that could create hundreds of jobs in the beleaguered Palestinian enclave.

The bottling facility had been partially open for several months but began full operations after a ceremony Wednesday.

The $20-million (19-million euro) investment is the company's first plant in Gaza and will create around 120 jobs immediately, a statement said, with an eventual expansion to 270.

"The opening of our first Gaza plant is an important milestone," Zahi Khouri, said the founder and chairman of National Beverage Company (NBC) responsible for Coca-Cola in the Palestinian territories.

"Our new Gaza plant shows our ongoing commitment to investing and supporting progress in communities around the world,” Muhtar Kent, Coca-Cola CEO, said in a statement.

There are three other NBC bottling facilities in the West Bank but the new Gaza plant could be a bonus for the struggling enclave's economy.

Between 2008 and 2014, the Gaza Strip, ruled by the Palestinian Islamist movement Hamas, has gone through three wars with Israel.

The Jewish state maintains a crippling blockade on the Palestinian enclave which it says is necessary for security reasons.

The unemployment rate in the coastal territory is over 40 percent, with close to two-thirds of young people out of work.

The United Nations has estimated the Palestinian economy could double in size if the Israeli occupation ended.

The World Bank said in September that just 10.7 percent of the 11,000 houses that were totally destroyed in the 2014 war had so far been rebuilt and about 50 percent of partially and severely damaged houses were still awaiting repair.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cocacola opens first factory in gaza stripafter a ceremony cocacola opens first factory in gaza stripafter a ceremony



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday