Coca-Cola Pakistan to invest $50mln

KARACHI: Coca-Cola Beverages Pakistan Limited (CCI Pakistan) has announced an investment of $50 million in Pakistan, a statement said on Wednesday.

A delegation of Coca-Cola Beverages Pakistan Limited, headed by GM Ahmet Kursad Ertin met with Prime Minister Imran Khan and announced an investment of $50 million for a greenfield project the company plans to set up in Haripur district, Khyber-Pakhtunkhwa.

This will be the company’s seventh production facility in the country. The construction of this new state-of-the-art plant site is scheduled for completion by the first quarter of 2022. It will mainly cater to the beverage needs of Northern Pakistan, it said.

During the meeting with the prime minister, Ertin presented the company as a leading member of Pakistan-Turkey Business Council and one of the largest private Turkish investors in Pakistan, which is paving the way for other Turkish investors.

According to the delegation, the proposed project will not only bring major investment to the region but also create direct and indirect employment opportunities and revenue generation for the government, as well as for the third party suppliers, vendors and distributors.