Saudi firm signs USD500m deal to build five Egyptian cities

27 Mar 2015

(MENAFN) Saudi Construction Products Holding Company (CPC) inked a deal to construct five industrialized cities for small businesses in Egypt, Arabian Business reported.

The Saudi firm signed an MOU with the Ayadi Company for Development and Investment to build the five cities at a cost of USD500 million.

“The company’s investment in private SMEs industrial zones is an important step towards the implementation of the company’s strategy in this regard,” the vice president of the Saudi firm said.

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