ABU DHABI: The investment activities spearheaded by the UAE in Egypt’s Ras El Hekma Development epitomise the deepening economic ties and shared vision for sustainable urban progress between the two nations.
Situated approximately 350 kilometres northwest of Cairo, the Ras El Hekma project has emerged as a focal point for Emirati investors seeking to capitalise on its potential as a financial hub, free zone, and luxury tourism destination.
Such interest underscores the project’s promise for substantial economic returns, particularly as it aims to contribute $25 billion annually to Egypt’s GDP by 2045 and attract an estimated $110 billion in investments throughout its development phase.
The UAE Ministry of Investment has been proactive in streamlining investment processes and frameworks, thus facilitating greater participation from Emirati enterprises in this strategic initiative.
By fostering partnerships with various stakeholders, including renowned firms like Abu Dhabi Airports, TAQA, and Burjeel Holding, the Ministry has played a crucial role in promoting effective collaboration among local and international partners.
Furthermore, UAE Minister of Investment, Mohamed Hassan Al Suwaidi, highlighted the significance of this initiative in bolstering economic cooperation and fostering long-term growth opportunities for both nations. The overarching objective remains clear: to enhance economic interdependence while promoting sustainable development practices that benefit both communities.
