Construction Products Holding Company (CPC) announced the establishment of an industrial company with a capital of $120 million. The new company is composed of seven factories, each specializing in the production of construction material. In a press conference held during the Arab Investment Forum in Cairo, CPC's director, business development and official spokesperson, Dr. Faysal Alaquil said, the new company named “CPC Holding for Investment-Egypt” is a closed joined stock company with an investment capital of $120 million. The majority of shares are owned by CPC of Saudi Arabia, and the rest owned by outside investors. The financing for the new company will be handled through local Egyptian banks. __
