(MENAFN - Arab News) Egyptian Minister of Industry and Trade Hatem Saleh recently inaugurated three factories in 6th of October City specializing in the manufacture of aluminum, glass and recycling of mineral water bottles.
The minister, accompanied by a high-level delegation of senior industry officials, also toured the Construction Products Holding Company (CPC) Egypt Complex for Industrial Development sites under construction, where CPC officials briefed him about the company and its current projects and also the planned small and med-sized industries zone to be built at the same complex.
Saleh said: "The Industrial Developer Code contributes to the establishment of clusters, highly specialized industrial and services zones, attract a large number of investors, pumps more investments, and creates a new industrial development focus on taking advantage of the potentials of the private sector, in line with the government efforts to attract skilled workers and specialized experts in marketing and promotion."
Faysal Alaquil, CPC director of business development and CSR and official spokesperson, said: "CPC is proud to be the first company contracted by the Egyptian Industrial Development Authority for the development, construction, marketing and management of a private industrial complex under Industrial Developer Code in 6th of October City over an area of 1.5 million square meters. In 2010, the company completed all utilities and infrastructure works of the complex, and successfully marketed the industrial lands inside the complex."
Mohammed Masoud Al-Yafi, director of CPC-Egypt for Industrial Development, said: "CPC industrial complex will accommodate more than 70 industrial projects, and will provide about 10,000 direct jobs inside the complex. The total investments of CPC in this project amounted to about 200 million Egyptian pounds. Currently, 29 plants are under construction in the complex, while 14 plants started production in 2011."