Secretary General of Saudi Egyptian Businessmen Association (SEBA) Ahmed Darwish revealed Monday in a statement to Al Bawaba News that ASEC Holding has started construction work in industrial zone of Suez Gulf. Darwish explained that ASEC seeks to establish three new factories with investments of Saudi Lebanese worth $ 900 million on an area of 250 thousand square meters to develop Suez Canal axis. He said that the construction work will be completed and the start of new production in 2016, adding that the factories that will be built are ‘Gibson powder' factory for producing cement powder and another for the production of cement slabs that will be used instead of bricks. ASEC Holding is a Saudi company specialized in construction materials and had received nearly 250 thousand square meters of land in the industrial zone at the new Suez Canal axis.
