The UAE Ministry of Investment (MoI) has reaffirmed its commitment to supporting Emirati involvement in the ambitious Ras El Hekma development project, one of Egypt’s most significant coastal city initiatives. Located approximately 350 kilometers northwest of Cairo, the Ras El Hekma development has captured the interest of Emirati investors due to its strategic potential as a major financial hub, free zone, and luxury tourism destination. This project aims to attract significant foreign investment while contributing to Egypt’s growing economy.
The UAE MoI has played a critical role in simplifying investment frameworks and streamlining processes to enable Emirati companies to participate effectively in Ras El Hekma’s development. The Ministry has been proactive in identifying key opportunities for Emirati businesses to engage in the project’s expansion and growth. This collaboration aligns with the UAE’s broader goal of fostering deeper economic ties with Egypt.
Modon Holding, the master developer behind Ras El Hekma, is steering the project forward in partnership with notable entities from Egypt, the UAE, and the global investment community.
Recent agreements and Memoranda of Understanding (MoUs) with organizations such as Abu Dhabi Airports, TAQA, and Burjeel Holding have laid a strong foundation for future collaborations. These partnerships are expected to drive innovation and infrastructure development in Ras El Hekma, with Emirati companies playing a pivotal role in shaping the region’s future.
Commenting on the importance of the project, 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 environment, allowing Emirati companies to contribute meaningfully to Egypt’s development and fostering opportunities for long-term economic growth and shared prosperity.”
Ras El Hekma is expected to become a significant driver of economic growth, with projections estimating a $25 billion annual contribution to Egypt’s GDP by 2045. The development phase alone is expected to attract $110 billion in investments, underscoring the project’s vast potential for economic and urban transformation.
This landmark collaboration between the UAE and Egypt reflects the shared vision of promoting sustainable urban development, fostering regional prosperity, and strengthening economic cooperation. As Ras El Hekma continues to evolve, the UAE Ministry of Investment will remain a key facilitator of Emirati involvement, ensuring that this megaproject becomes a cornerstone of Egypt’s tourism and economic sectors.
