Egypt is currently negotiating with the International Monetary Fund (IMF) over a potential rescue package expected to exceed $10 billion. The investment in Ras el-Hekma is aimed to stabilize the ...

Over the past two weeks, residents of the Egyptian Mediterranean area of Ras el-Hekma have been in anguish, fearing displacement from their lands to pave the way for Emirati investments.

The two parties have discussed a number of the currently carried out projects, mainly in the industrial sector, topped by ...

The mega Ras Al-Hekma development project to be carried out by Abu Dhabi in Egypt boosted incoming project flow into the Arab country by more than four times in 2024, Egypt’s Investment and Foreign ...

Egypt’s return to the market comes after a difficult few years, but in the last year it has enjoyed a massive drop in bond ...

Egyptian cabinet spokesperson Mohamed El-Homsani announced Sunday that the United Arab Emirates (UAE) is eyeing airport ...

The Ras El-Hekma development is 350km (217 miles) northwest of Cairo The city is expected to contribute $25billion a year to Egypt’s economy READ MORE: The long-haul spots where Brits' pounds ...

Abu Dhabi-based investment group ADQ has appointed Modon Holding as the master developer for its Ras El Hekma megaproject in Egypt, which on completion will be home to two million people and ...

The discussions focused on key industrial projects, particularly in Ras El-Hekma, a strategic development zone on Egypt's northwestern coast. Led by ADQ with a $35bn investment, the Ras El-Hekma ...

Meanwhile, the total deficit reached 3.6 percent after adding the Ras El-Hekma proceeds ... allocated to support industrial production in Egypt, up from only EGP 1 billion.

GlobalData forecasts an annual average growth rate of 7.6% between 2025 and 2028 The economic output of Egypt's construction industry is ... future growth is the $35bn 170 million-square-metre Ras ...

Despite a global decline in foreign investment, Africa saw a significant boost last year, largely driven by a single major ...