Saudi CPC to finish developing 1.1mln sqm in Sadat City by 2021

Saudi-based Construction Products Holding Co. (CPC) plans to complete development of 1.1 million metres square of its industrial zone in Sadat city by 2021 with total investments of 1.8 billion Egyptian pounds, its CEO Moataz Baha El-Din said.

He told Amwal Al Ghad that that the first phase of the project, which includes developing 700,000 square meters, will be completed by the end of this year, at a cost of 850 million pounds, while the estimated cost for works on  the second phase is one billion pounds.

The second phase scheduled of the project included establishing of SMEs industrial zone with110 units, as well as providing all logistics and commercial services necessary to the investors within the project.

In February 2018, the Industrial Development Authority (IDA)  has allocated CPC, as an industrial developer, a total area 1.1 million square meters to build an industrial zone in Sadat City.

CPC has been in the Egyptian market since 2007 with local investments of 24 billion Egyptian pounds with a total land plots portfolio of 2.6 million square metres.