emirates7 - The UAE Ministry of Investment (MoI) announced its vital role in supporting the Ras El Hekma project and facilitating the involvement of Emirati companies in its expansion. As one of Egypt's most ambitious coastal city developments, Ras El Hekma, located about 350 kilometers northwest of Cairo, has attracted considerable interest from Emirati investors due to its potential as a financial hub, free zone, and luxury tourism destination.
The Ministry has been key in simplifying investment processes and identifying opportunities for Emirati firms to engage in this strategic venture. Modon Holding, the project's master developer, will lead its development in collaboration with major partners from Egypt, the UAE, and international players. With agreements in place with entities like Abu Dhabi Airports, TAQA, and Burjeel Holding, the MoI will continue fostering partnerships to ensure that Emirati businesses remain integral to the project’s progress.
UAE Minister of Investment, Mohamed Hassan Al Suwaidi, emphasized that the Ras El Hekma project reflects the growing economic ties between the UAE and Egypt. The Ministry has worked to a conducive investment environment that allows Emirati companies to actively contribute to Egypt's development, paving the way for long-term economic growth.
Ras El Hekma is expected to significantly boost Egypt’s economy, contributing $25 billion annually to its GDP by 2045, and attracting $110 billion in investments during its development. The UAE’s involvement in the project highlights the shared vision of both countries to advance sustainable urban development, promote regional prosperity, and strengthen economic collaboration, with the MoI playing a crucial role in steering Emirati investments across multiple sectors.
The Ministry has been key in simplifying investment processes and identifying opportunities for Emirati firms to engage in this strategic venture. Modon Holding, the project's master developer, will lead its development in collaboration with major partners from Egypt, the UAE, and international players. With agreements in place with entities like Abu Dhabi Airports, TAQA, and Burjeel Holding, the MoI will continue fostering partnerships to ensure that Emirati businesses remain integral to the project’s progress.
UAE Minister of Investment, Mohamed Hassan Al Suwaidi, emphasized that the Ras El Hekma project reflects the growing economic ties between the UAE and Egypt. The Ministry has worked to a conducive investment environment that allows Emirati companies to actively contribute to Egypt's development, paving the way for long-term economic growth.
Ras El Hekma is expected to significantly boost Egypt’s economy, contributing $25 billion annually to its GDP by 2045, and attracting $110 billion in investments during its development. The UAE’s involvement in the project highlights the shared vision of both countries to advance sustainable urban development, promote regional prosperity, and strengthen economic collaboration, with the MoI playing a crucial role in steering Emirati investments across multiple sectors.