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Coca-Cola to open $20m plant in Gaza

DBR Staff Writer Published 22 June 2015

US-based beverage firm Coca-Cola has unveiled plans to open a new plant in Gaza, a pene-exclave region of Palestine.

The new facility is being developed with an investment of around $20m, reported Hurriyet Daily News.

The company already operates three plants in the West Bank of Palestine, while the National Beverage Company (NBC) bottles and supplies Coca-Cola products in the region.

NBC general manager Imad Hindiwas quoted by the news publication as saying: "Coca-Cola is the first and largest global company that has invested in Palestine and these investments are opening the gates for others. The same thing will occur in Gaza."

According to Hindi, the production at the new facility is expected to commence in October this year.

The three facilities of Coca-Cola are located in Ramallah, Tulkarim and Jericho regions of the West Bank.