Traders work at the Egyptian stock exchange in Cairo August 18, 2013. REUTERS/Louafi Larbi
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Construction Products Holding Co (CPC), a unit of private Saudi Arabian construction giant Saudi Binladin Group, said on Monday it had bought Egyptian glass manufacturer Sphinx Glass for $190 million.CPC bought most of the company from Egyptian investment firm Citadel Capital, which said earlier this month that it had received an offer of $112 million for its 73.3 percent stake in Sphinx.Among other Gulf investment projects announced this year in Egypt, Saudi Arabia's Aujan Coca-Cola Beverages Co plans to spend $100 million building a fruit juice factory, while Dubai retailer Majid Al Futtaim says it aims to invest about $2.3 billion over the next few years.
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