Saudi-based CPC to finish an industrial zone in Sadat City within 3 years

Saudi-based Construction Products Holding Company (CPC), the Industrial arm in the field of building materials manufacturing for Saudi Binladin Group (SBG),  seeks to finish developing an industrial zone in Sadat city within three years, Mohammed Al-Yafi, general manager of CPC.

He 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.

On the other hand, The Industrial Development Authority (IDA) signed  contracts with Polaris Al Zamil and SDM to develop two 1.4 mn sqm industrial zones in Sadat City at an initial investment cost of EGP 500 million pounds.