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FINANCIAL NEWS
Saudi CPC, Ayadi Company sign USD500m MoU to build five industrial cities in Egypt
24 Mar 2015
(MENAFN) Saudi Construction Products Holding Company (CPC) and Ayadi Company for Development and Investment signed a USD500 million MoU to to build five industrial cities in Egypt, Saudi Gazette reported.
CPC offers construction resources through its owns industrial parks in Saudi Arabia, Qatar, UAE, Syria, Egypt and more than 50 factories for precast, glass and aluminum, steel and many more.
The signing of the MoU took place in Egypt Economic Development Conference and in the presence of Vice Chairman of Construction Products Company (CPC) and the Chairman of Ayadi.
“The company’s investment in private SMEs industrial zones is an important step toward the implementation of the company’s strategy in this regard aimed at international expansion,” the Vice Chairman said.
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