Sigma Capital

08-09-2024

Al Ahram Beverages compliments 120+ years of operation in Egypt through new investment of €30M and new HQ

Source: MIST

Business Today-


Al Ahram Beverages Company (ABC), a pioneer in the Egyptian beverage market for over 120 years and a Top Employer for two consecutive years, with more than 1600 employees is pleased to announce a new executive office after 18 years of managing its operations from Al-Obour HQ, with a relocation to its new HQ at MIVIDA business complex in New Cairo, effective September 1st, 2024. This strategic move is part of ABC’s continuous development and growth plans, reinforcing its trust in the Egyptian market and its commitment towards its people, ensuring the best working environment for ABC team.

Commenting on ABC recent growth investments concluded in 2023, Nikolay Mladenov, Managing Director of Al Ahram Beverages Company said: “As part of our ambitious growth plans and unwavering trust in the Egyptian market, we are proud to announce increasing our investment of almost 30 million Euros in 2023. This includes our new headquarters in New Cairo, and a significant allocation went towards injections for capacity growth into our Al Sharqia plant, by topping-up with two additional state-of-the-art production lines. These investments emphasize our commitment to innovation, expansion, and delivering exceptional value to our customers and employees.”