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 ...

Egypt - Prime Minister Mostafa Madbouly met on Sunday with Jassem Mohamed Bu Ataba Al Zaabi, Chairperson of Modon Holding, and Bill O’Regan, Group CEO of Modon Holding, to discuss the latest ...

The governments of Egypt and the UAE have signed a deal to develop the Ras El Hekma peninsula in a move to bring up to $35bn in FDI within two months. The funding, which will come from Abu Dhabi ...

Prime Minister Mostafa Madbouly met on Sunday with Jassem Mohamed Bu Ataba Al Zaabi, Chairperson of Modon Holding, and Bill O'Regan, Group CEO of Mod ...

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 ...

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.

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

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 ...

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 ...

During the meeting, they reviewed the progress of the industrial projects planned for the Ras El-Hekma area. These projects are expected to serve Egypt's long-term development goals for this ...