Coca-Cola opens its first factory in Gaza Strip; creates 120 jobs

Coca-Cola officially opened its first plant in the Gaza Strip. The plant, operating partially for several months, began its activities full-time on November 30th, at the end of a ceremony. While there are three other bottling plants in the Palestinian Territories, the $ 20 million (€ 19 million) project could boost the moribund economy of the Palestinian enclave. According to Coca-Cola, Coca-Cola should already create 120 positions there and then 270 others in the future.

“The installation of our new factory in Gaza demonstrates our continued commitment to invest and support the progress of societies around the world,” said the CEO of Coca-Cola , Muhtar Kent.

Israel and Hamas, the Islamist movement that rules the territory, observe a tense cease-fire since the war that opposed them in the summer of 2014 in the Gaza Strip. The Israeli blockade has serious consequences on the population of the enclave. According to international organizations, the unemployment rate in the Gaza Strip exceeds 40%, and two-thirds of young people are unemployed.