A number of unnamed UAE companies are reportedly planning to establish USD 200 mn-worth of industrial and real estate projects in 6 October City, said Mohamed Saaban, chairman of the 6 October City investors association. UAE investors have expressed their interest in building factories to produce and sell supplies for new and renewable energy projects operating in the region, following the latest price hike in electricity, he added. The new projects are slated for completion by 2020.

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