Cairo – Mubasher: Elsewedy Electric Co clarified that its subsidiary, SDM for Development and Management, has signed a contract to develop a land space in Sadat City for a total value of EGP 266 million.
The contract covers developing 1.4 million metres in Sadat City, according to a programme plan by the Industrial Development Authority (IDA), according to a bourse statement on Sunday.
In January, Elsewedy said that the offer presented by SDM was awarded the first bid.
