According to Amac News: In the statement of the Ministry of Investment of the UAE, it is stated that the Ras Al Hekma project is one of the important projects in the development of the coastal city of Egypt.
The Ras al Hekma project, located approximately 350 kilometers northwest of Cairo, has attracted significant interest from Emirati investors, according to the statement.
The Ministry has played an important role in streamlining processes, simplifying investment frameworks and identifying key opportunities for Emirati companies to participate in this strategic initiative.
Modon Holding, the main developer of the Ras al Hekma mega project, will lead the project with the participation of prominent partners from Egypt, the UAE and the international community by signing several agreements.
Ras al Hekma is projected to be the main driver of economic growth, contributing $25 billion annually to Egypt's GDP by 2045 and attracting $110 billion in investment in its development phase.
The UAE's investment in Ras Al Hekma reflects the shared vision between the two countries to promote sustainable urban development, regional prosperity and deeper economic cooperation.
This major project is poised to become a key driver for Egypt's tourism and economic growth, and the UAE Ministry of Interior continues to play a pivotal role in guiding and promoting UAE investment in various sectors.