CPC to build five industrial cities in Egypt

23/03/2015 06:52 AST

Saudi Construction Products Holding Company (CPC) has signed a memorandum of understanding (MoU) with the newly-launched Ayadi Company for Development and Investment to build five industrial cities for SMEs (small and medium enterprises) at a cost of $500 million.

The agreement comes under the Egyptian government’s support towards SMEs in the country's private sector.

The MoU was signed during Egypt Economic Development Conference (EEDC) held recently in Sharm El Sheikh, by Mu'taz Sawwaf, vice chairman of Construction Products Company (CPC) and Majdi Saleh, chairman of Ayadi, in the presence of Ashraf Ghazal, CEO of Ayadi, Riad Kiwan, CPC International chief operating officer, Joe Kawkabani, general manager of CPC – Egypt for Industrial Development Mohamed Elyafi and Abdulqader Azhari.

On the sidelines of EEDC, Sawwaf commented on the MoU: "The company’s investment in private SMEs industrial zones is an important step towards the implementation of the company's strategy in this regard aimed at international expansion.”

CPC provides construction materials through its owns industrial parks in Saudi Arabia, Qatar, UAE, Syria, Egypt and more than 50 factories for precast, glass and aluminium, steel, readymix concrete, electric cables, wood and gypsum works and marble and granite, among others for the building industry.


Trade Arabia

News

‘The true investment is to invest in our youth’

14/05/2015

CONSTRUCTION Products Holding Company (CPC) participated in the recently held 23rd edition of the Arab Economic Forum (AEF) as a diamond sponsor. The forum was held in Beirut at the Phoenicia Hotel u

Saudi Gazette

CPC, AUC to jointly sponsor student career development

03/03/2015

AS part of efforts to strengthen academic and research collaboration, Cairo-based CPC has signed a memorandum of understanding with the American University in Cairo (AUC) that will provide research f

Saudi Gazette

CPC sponsors FIKR 13 conference in Morocco

22/12/2014

Construction Products Holding Company (CPC), the golden sponsor of the 13th Annual FIKR Conference, which was organized by the Arab Thought Foundation (ATF) in Morocco recently.

The confer

Saudi Gazette

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap