馃嚜馃嚞EgyptNorth Africa
Ras El Hekma development projects advance on schedule
via Egypt Today2 min read
Prime Minister Mostafa Madbouly met with Jassem Mohamed Bu Ataba Al Zaabi, Chairman of the Abu Dhabi Department of Finance and Chairman of Modon Holding, to review the progress of the Ras El Hekma City development projects on Egypt鈥檚 northwestern Mediterranean coast. Madbouly emphasized the government's commitment to overseeing the project and ensuring coordination between Egyptian and Emirati entities. He noted that this cooperation is advancing the project according to its approved timetable, enhancing Ras El Hekma's role as a key development destination and potentially unlocking further investment, tourism, and development opportunities in the region. Al Zaabi confirmed that construction is proceeding on schedule, with the first phase expected to deliver hospitality, commercial, entertainment, and service facilities within their planned operating timelines. The development aims to leverage the area's natural landscape and tourism potential to create a unique destination and boost regional tourism. Both parties agreed to conduct a site visit to Ras El Hekma soon to observe the construction progress firsthand.
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Prime Minister Mostafa Madbouly reaffirmed the government's commitment to closely follow up the implementation of Ras El Hekma development projects and the ongoing coordination between Egyptian and UAE sides. The Prime Minister made these remarks during a meeting with Jassem al Zaabi, Chairman of the Abu Dhabi Department of Finance and Chairman of Modon Holding, at the government headquarters in the New Capital. The project is expected to support development and investment opportunities across Egypt's northwestern Mediterranean coast. Zaabi reviewed the progress, noting that implementation is proceeding according to schedule, which will allow the first phase's hotel, commercial, and entertainment facilities to begin operations as planned. He thanked Madbouly for his continued follow-up, describing the development as a major step for Egypt's northwestern coast. The meeting concluded with an agreement for a field visit to the Ras El Hekma development site.