Abu Dhabi [UAE], October 5 (ANI/WAM): The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement of the Ras El Hekma project and the participation of Emirati companies in its expansion and growth plan. This project is one of Egypt's most ambitious coastal city developments. Located approximately 350km northwest of Cairo, the Ras El Hekma project has garnered significant interest from Emirati investors, drawn by its potential as a financial centre, free zone, and luxury tourism destination.
The Ministry has been instrumental in streamlining processes, simplifying investment frameworks, and identifying key opportunities for Emirati companies to participate in this strategic initiative. Also Read | Middle East Crisis: India Can Play Active Role to De-Escalate Conflict in Region, Says Iran Envoy Iraj Elahi. Modon Holding, the master developer for the Ras El Hekma megaproject, will steer the project in partnership with prominent partners from Egypt, the UAE, and the international community.
With several MoUs signed, including with Abu Dhabi Airports, TAQA, and Burjeel Holding, the MoI will continue to facilitate future collaborations, ensuring Emirati companies remain key contributors to Ras El Hekma's development. Mohamed Hassan Al Suwaidi, UAE Minister of Investment, stated: "The Ras El Hekma project highlights the growing economic collaboration between the UAE and Egypt. The Ministry of Investment has worked to create an enabling investment.