Thndr Claps » EGY Claps » Orascom Construction signs development deal
The ClapOrascom Consturction (ORAS) subsidiary Suez Industrial Development Company (SIDC) has agreed to develop an industrial park in Giza.
The deetsThe agreement comes in partnership with the National Bank of Egypt’s (NBE) investment arm, Al Ahly Capital.
The park will be built over a 2.2 million square meter area, & the project company will be 25% owned by SIDC, the project’s lead.
More on SIDCSIDC has previously built an industrial zone in Ain Sokhna, Egypt, over an area of 10 million square meters.
To read Orascom Construction’s full statement, click here.
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