Real estate and industrial holding group Cleopatra Group plans to invest EGP 4 bn over the next two years, said group chairman Mohamed Aboul Enein at the Egypt Investment Forum. The investments will go into real estate development and tourism projects in Al Alamein, Ain Sokhna and 6 October City, according to Al Mal. Separately, Aboul Enein also said that he plans to lobby the Ismail cabinet to reduce the price of gas to ceramics factories to USD 4 per mmbtu from USD 7, saying that the prices industry pays for gas is higher than the global market price.

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