ICEC

IDA to deliver 4 mln sqm to developers next August

Industrial Development Authority has signed contracts to establish and develop three new industrial in Sadat City last February, it seeks to deliver the land plots of 4 million meter square next August,

IDA to deliver the land plots to  Polaris Al Zamil and SDM next August.

last February, The Industrial Development Authority (IDA) signed contracts with Polaris Al Zamil and SDM to develop two 2.8 mn sqm industrial zones in Sadat City at an initial investment cost of 500 million pounds.

on the other hand, Saudi-based Construction Products Holding Company (CPC), the Industrial arm in the field of building materials manufacturing for Saudi Binladin Group (SBG), has signed contracts with IDA to assign 1.1 metre square.

Mohammed Al-Yafi, general manager of CPC told Amwal Al Ghad that the company is set to sign final agreement with Industrial Development Authority with days to allocate an area of 1.1 million metre square in order to start the construction works of the project that will cost 400 million Egyptian pounds.

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