ICEC

Saudi-based CPC pumps EGP 400 mln in a new industrial zone in Sadat City

Saudi-based Construction Products Holding Company (CPC), the Industrial arm in the field of building materials manufacturing for Saudi Binladin Group (SBG), seeks to pump 400 million Egyptian pounds investments to establish and utilise a new industrial zone.

The new zone will be located in Sadat city on a area spanning over 1.1 million metre square.
Mohammed Al-Yafi, general manager of CPC told Amwal Al Ghad that his company is waiting to recieve the land plot from so as to finish its technical studies that would be conducted within two months in order to send them to Industrial Development Authority.

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.

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