UAE companies plan to build USD200mn factories for renewable energy supplies in 6th of October City
A number of unnamed UAE companies are reportedly planning to establish USD200mn-worth of industrial and real estate projects in 6th of October City, according to the Chairman of 6th of October City investors association, Mohamed Saaban. 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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