Saudi CPC to complete 2nd phase of its SMEs city in October

Saudi-based Construction Products Holding Co. (CPC) plans to complete the second phase of its SMEs industrial zone in 6th October in October with the construction of 28 industrial units, its CEO Moataz Baha El-Din said.

The new industrial units will be on a total area of 30,000 metre square with total investments of 140 million Egyptian pounds, he added.

He told Amwal Al Ghad that the construction works of the second phase will be started within a week. while the first phase has 56 units which have been sold out and assigned to investors.

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.

He further noted that the company seeks to conclude its talks with six investors to pump new investments among its new industrial zone in Sadat on an area 1.1  million metres square in February, it has started the construction works of the new zone in November 2019.

He added that the six investors will  include local, Emirati and Saudi investors with 5,000 square meters for each, explaining that the new investments are focused in the engineering, food and building materials sectors.