And my luck is legitimate The head of wisdom Which is located about 350 kilometers northwest Cairo With wide interest from Emirati investors in light of the great potential it will have as a financial center, free zone, and luxury tourist destination.
The Ministry of Investment played a fundamental role in simplifying investment procedures and frameworks, and identifying the main opportunities available to Emirati companies to participate in this strategic initiative, as Modon Holding Company, the main developer of the Ras Al-Hekma project, will manage the project in cooperation with prominent partners from the Republic of… Egypt The UAE and the international community.
With the signing of several memorandums of understanding – including with Abu Dhabi AirportsAbu Dhabi National Energy Company “TAQA”, and Burjeel Holding – the Ministry of Investment will continue to facilitate cooperation in the future to ensure that Emirati companies remain a major contributor to the project.
On this occasion, Mohammed Hassan Al Suwaidi, Minister of Investment of the UAE, said: “The project reflects… The head of wisdom The growing economic cooperation between the UAE and Egypt. The Ministry of Investment was keen to create a favorable investment environment to support the contribution of UAE companies to Egypt’s development and stimulate opportunities for long-term economic growth and shared prosperity.”
The Ras El Hekma project is expected to become a major driver of economic growth in Egypt, as it will contribute about $25 billion annually to the national gross domestic product by 2045. During the development phase, it is expected to attract huge investments amounting to $110 billion.
The UAE’s investment in this project embodies the shared vision between the two countries to promote sustainable urban development, regional prosperity and economic cooperation. This huge project is expected to become a major driver for the tourism sector and economic growth in Egypt. The UAE Ministry of Investment will continue to play a pivotal role in directing and enhancing UAE investments through… Various sectors.
