March 17, 2024
Everything You Need to Know About the Ras El Hekma Deal
Did you catch wind of the thrilling announcement? Egypt and the UAE have recently inked a landmark agreement aimed at transforming the breathtaking locale of Ras El Hekma, situated along Egypt's northern coast. This partnership holds the potential to elevate the allure and liveliness of this naturally stunning destination.
Egypt signed a deal with the Abu Dhabi Developmental Holding Company PJSC (ADQ) - the sovereign wealth fund of the Emirate of Abu Dhabi - to develop the Ras Al-Hikma city, with total investments of $35 billion, according to statements by Prime Minister Mostafa Madbouly.
The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.
About Ras El Hekma Egypt destination:
Ras Al-Hekma’s beaches stretch from Dabaa, 170 km west of Alexandria, to Matrouh, 220 km west of Alexandria. The location of Ras Al-Hekma on Egypt's Mediterranean Coast makes it a paradise on earth and an ideal destination for tourism.
Top Projects in Ras El Hekma North Coast:
Facts About Ras El Hekma Deal:
This agreement goes beyond mere investment; it's about establishing a central hub that will influence the trajectory of the North Coast and Egypt in the years to come.
Due to this agreement, Ras El Hikma is anticipated to experience significant growth this year, leading to heightened demand in the real estate sector. Conversely, developers will exert considerable effort to meet this demand and position it as a sought-after tourist destination.
Contact Our RED Experts to Help You Find Your Best Investment Opportunity in Ras El Heikma.
Contact RED Experts to help you choosing from the best options in Ras El Hiekma.