The Industrial Development Authority (IDA) signed contracts on Thursday with Elsewedy Group subsidiary SDM and Pyramids Industrial Parks to develop two 2 mn sqm industrial zones in Sadat City at a combined investment cost of EGP 4 bn, Al Mal reports. Under the contracts, the two companies will be required to complete Infrastructure and development works and hand over the land to investors within two years, according to IDA head Ahmed Abdel Razek.

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