– The UAE Ministry of Investment is playing a key role in supporting Egypt’s Ras El Hekma megaproject, streamlining investment frameworks and facilitating Emirati company participation.

– Ras El Hekma is projected to contribute $25 billion annually to Egypt’s GDP by 2045, with $110 billion in total investments expected during its development phase.

– The project underscores growing economic collaboration between the UAE and Egypt, with MoUs signed with major Emirati entities like Abu Dhabi Airports, TAQA, and Burjeel Holding.

The UAE Ministry of Investment (MoI) has taken a prominent role in supporting Egypt’s Ras El Hekma megaproject, one of the country’s most ambitious coastal city developments. Situated around 350 kilometers northwest of Cairo, Ras El Hekma is attracting significant interest from Emirati investors due to its potential to become a financial center, free zone, and high-end tourism destination.

Egypt’s development of Ras El Hekma aligns with its broader vision of economic diversification and boosting tourism, a sector that has been a key pillar of the country’s growth strategy.

The project has emerged as a focal point of interest for the UAE, reflecting the increasingly strong economic ties between the two nations. The UAE’s commitment to the project underscores its strategy of regional investment, which aims to promote sustainable urban development, economic collaboration, and long-term prosperity across the Middle East and North Africa.

The Ministry of Investment has played a crucial role in streamlining the investment framework for Emirati companies, identifying key opportunities, and simplifying the processes to ensure active participation from UAE businesses. Modon Holding, the master developer of Ras El Hekma, has partnered with several high-profile entities from Egypt, the UAE, and the global community to steer the project forward. Memorandums of Understanding (MoUs) have already been signed with notable entities like Abu Dhabi Airports, TAQA, and Burjeel Holding, laying the groundwork for collaboration in areas such as infrastructure, energy, and healthcare.

The UAE Minister of Investment, Mohamed Hassan Al Suwaidi, remarked that the Ras El Hekma project is a testament to the deepening economic cooperation between the UAE and Egypt. He emphasized that the Ministry’s efforts to create an enabling investment environment have allowed Emirati companies to contribute significantly to Egypt’s development. The project is poised to play a major role in Egypt’s future economic landscape, with projections that Ras El Hekma will contribute $25 billion annually to Egypt’s GDP by 2045 and attract $110 billion in investments throughout its development phase.

With its strategic location on the Mediterranean coast and its focus on becoming a hub for financial services, tourism, and commerce, Ras El Hekma is expected to be a key driver of economic growth in the region. The UAE’s involvement highlights the shared vision between the two countries to foster deeper economic ties, promote sustainable urban development, and position the Middle East as a centre for innovation and regional prosperity.