The Saudi Gazette reported that Mr Mohammad Naji Al Outari PM of Syria inaugurated CPC Industrial Complex in Adra of Syria.

As per repot, attending the event were key governmental, business and economy personalities among others.

The USD 110 million industrial complexes which spreads over 515,000 square meters is intended to supply the Syrian market with various construction products. Set to be fully operational by end of 2009, this new CPC Holding initiative promises to ensure thousands of job opportunities for the Syrian labor force.

Seven large industrial companies will operate within this complex, namely: Precast Manufacturing Company Limited, Bahra Steel Company, United Transport Company Limited, United Chemical Products Company, United Steel Buildings Company, United Arab Aluminum Company and the Syrian Company for Development of Construction and Trading. All of the latter fall under the umbrella of CPC Syria.

Dr Faysal Alaquil director of Business Development and official spokesperson of CPC described the new industrial complex as a 'One stop Shop' that will produce and supply construction products in Syria.

He said that when CPC first decided to expand into Syria, it had a vision for the local market. Today, we are inaugurating part of this vision as CPC Syria launches its industrial complex which embraces most of the CPC Holding activities.

Dr Alaquil said that "this project will secure the needs of the Syrian market in terms of construction products and that on a large scale. In fact the precast concrete plant will be implementing several major projects in Syria and that is only the beginning."

Dr Alaquil said that CPC of Syria has become in a record time the key partner of the biggest projects in Damascus. We have been able to attain our objective to become a one stop shop towards building the future by providing the real estate market with premium raw construction material at highly competitive prices.

He said that "Today with the inauguration of the CPC Industrial Complex in Adra, the company reaffirms its direct contribution to the economic cycle and social well being in Syria while being fully committed to the local development and growth as the complex offers major direct and indirect employment opportunities."

Dr Alaquil further said that "we are currently conducting feasibility studies to be able to establish a regional trading network, as we are fully capable of catering to all markets needs. We will also be focusing on the Algerian Market as CPC is seeking to establish another high end industrial complex abiding by international standards."

(Sourced from the Saudi Gazette)