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FINANCIAL NEWS
CPC Egypt to open $351m complex in September
05 Aug 2010
(MENAFN) Egypt’s Construction Products Company (CPC), a leader in the building products sector, said that it will open its new industrial complex, built at a cost of over $351 million, in September.
The industrial complex, which is built on an area of 1.5 million sq m, can accommodate more than 60 factories and provide about 10,000 new jobs, a statement said.
Currently, all works in the infrastructure and in the public facilities are mostly completed, officials at CPC Egypt said in the statement.
The official spokesman and director of business development for CPC said that there are about 20 factories under construction at the complex, out of which, three are already operational.
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