The Egyptian Ministry of Investment"Hassan Elkhatib” announced its support for the development of the Ras Al-Hikma
project, with the participation of the Emirati company in its development.The
contract was signed on October 4, 2024 in Abu Dhabi in cooperation with
President Abdel Fattah El-Sisi and Sheikh Mohammed bin Zayed Al Nahyan.
The benefit of developing this project is to attract investments,
provide job opportunities, and develop tourism and development on the North
Coast, extending from Marsa Matrouh to Salloum in the west.
Within 9 months, the Emirates announced an 18 percent increase in
its profits, reaching 5 million dollars during the first nine months of this
year. The Egyptian government hopes to provide the dollar currency through this
project, as explained in the newspaper Youm7, “This project is considered the
largest because it aims to develop a city with an area of 170 million square
meters.”
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