UAE and Egypt launch $35bn Ras El Hekma development project on Egypt's northern coast, aiming to enhance economic ties and create 750k jobs by 2045.

The UAE and Egyptian Presidents launched the Ras El Hekma development project on October 4, 2024, a $35 billion initiative on Egypt's northern coast aimed at enhancing economic ties. Spanning 170 square kilometers, it will create a sustainable urban community for two million residents, featuring residential, commercial, and leisure spaces, and generating approximately 750,000 jobs. Cumulative investments could reach $110 billion by 2045, significantly impacting Egypt's economy.

October 04, 2024
32 Articles

Further Reading