Egyptian High Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Conserving, to check 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, desirous 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 nations helps boost up growth throughout its more than a few elements in keeping with the deliberate timetable.
He stated the advance is predicted to maximize funding and construction alternatives alongside Egypt’s North Coast and function a significant catalyst for financial enlargement and tourism within the area.
Al Zaabi stated development is progressing consistent with agenda, including that the hospitality, business and leisure amenities within the first section stay on course to start operations as deliberate.
He famous that the mission targets to create a world-class tourism vacation spot via capitalising on Ras El Hekma’s herbal sights whilst boosting customer arrivals to Egypt’s Mediterranean coast.
Al Zaabi additionally thanked the high minister for his persisted follow-up of the mission’s implementation, describing Ras El Hekma as a transformative funding that can reshape tourism and financial task alongside the North Coast.
The 2 facets agreed to habits a joint web page discuss with to Ras El Hekma within the close to long term to check development growth at the floor.
Ras El Hekma is a flagship Egypt-UAE construction mission introduced in 2024 beneath a $35bn funding settlement led via ADQ. The mixed-use coastal town will come with motels, inns, residential and business trends, and leisure amenities, making it one of the most greatest tourism and actual property tasks on Egypt’s Mediterranean coast.
