CPC to establish SMEs complex 2nd phase with investments 100 mln pounds

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Saudi-based Construction Products Holding Company (CPC), the Industrial arm of Saudi Binladin Group (SBG), is set to establish the second phase of the small and medium enterprises complex in its industrial zone in Sadat City in September.

The company’s general manager Mohamed El Yafi told Amwal Al Ghad that the second phase include establishing 30 plants for SMEs with total cost of 100 million Egyptian pounds.

He added that it will offer the new phase up for investors in order to sign the new plants’ contracts  in conjunction with the construction operations of the project, noting that the project comes on top of a group of projects that the company is implementing during the coming period.

The new projects include developing and establishing a new industrial zone on an area of 1.1 million metre square in Sadat industrial city and entering into an alliance with AYADY for Investment and Development to develop 1.2 million metre square in Suez Canal axis.

Yafi added that the complex during the last period succeeded in attracting investments worth 2.5 billion pounds through the presence of about 70 large factory and 130 small factory, pointing out that these factories are based largely in building materials and food products industries sectors.