Egyptian Top Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Maintaining, to study growth at the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast.
The assembly, held on the executive headquarters within the New Administrative Capital, serious about the newest trends within the flagship city construction mission and ongoing coordination between the Egyptian and Emirati facets to verify implementation stays on agenda.
Madbouly reaffirmed the federal government’s dedication to carefully tracking the mission’s execution, stressing that steady coordination between the 2 international locations helps boost up growth throughout its more than a few parts in keeping with the deliberate timetable.
He mentioned the advance is anticipated to maximize funding and construction alternatives alongside Egypt’s North Coast and function a big catalyst for financial enlargement and tourism within the area.
Al Zaabi mentioned building is progressing in step with agenda, including that the hospitality, industrial and leisure amenities within the first segment stay on course to start operations as deliberate.
He famous that the mission targets to create a world-class tourism vacation spot by way of capitalising on Ras El Hekma’s herbal points of interest whilst boosting customer arrivals to Egypt’s Mediterranean coast.
Al Zaabi additionally thanked the high minister for his endured follow-up of the mission’s implementation, describing Ras El Hekma as a transformative funding that may reshape tourism and financial job alongside the North Coast.
The 2 facets agreed to behavior a joint website seek advice from to Ras El Hekma within the close to long term to study building growth at the floor.
Ras El Hekma is a flagship Egypt-UAE construction mission introduced in 2024 underneath a $35bn funding settlement led by way of ADQ. The mixed-use coastal town will come with lodges, hotels, residential and industrial trends, and leisure amenities, making it one of the crucial greatest tourism and actual property initiatives on Egypt’s Mediterranean coast.
