Ras Banas Deal: All What You Need to Know – Nawy

Did you hear or see news circled recently about a new touristic investment deal? Yes, exactly, we are talking about the news about the Ras Banas deal.

The news of this Ras Banas deal reminded people of the $35 billion Ras El Hekma deal in February, the largest Foreign Direct Investment (FDI) deal in the history of Egypt which returned 35% of the profit for Egypt.

So, what do we know about this new Ras Banas deal, its returns on Egypt, and the forthcoming steps? Read this article till its very end to know all about the new Ras Banas Egypt Deal and what to expect.

Ras Banas Deal

News has been circled recently about a new investment deal that aims at attracting foreign investments and urbanizing new areas on Egyptian shores. This is the Ras Banas deal.

The news started to circle last September after one of the press conferences that was held after the cabinet’s weekly meeting. In the conference, Prime Minister Mostafa Madbouly mentioned that the government starting picking new investment spots.

He primarily declared that the Egyptian government has selected five locations on the Red Sea, including the Ras Banas peninsula, to draw in fresh investments for fully integrated cities akin to the Ras El-Hekma agreement back in February.

Later, the news of the Ras Banas deal was mentioned again in the press conference held at the Housing and Urban Communities ministry’s headquarters in the New Administrative Capital by the Minister of Housing and Urban Communities Sherif El Sherbiny.

Plans to upgrade Ras Banas’ road systems, airports, and utilities have been announced by the government. This will improve the general investment climate and make access easier.

Ras Banas’ development prospects will be enhanced by planned upgrades to public services and transportation, which will increase the city’s accessibility to investors and tourists.

It is anticipated that Ras Banas’ development will increase local companies, generate a large number of job possibilities, and support the region’s general economic expansion. Long-term gains will be guaranteed by the emphasis on sustainable development.

Ras Banas deal has the potential to become a major economic engine for the area by drawing in investments in real estate, tourism, and hospitality.

That is all we know about the Ras Banas deal for now but stay tuned for more information and more articles on Nawy‘s website blog whenever any news about the Ras Banas deal is revealed.

Now, let us tell you all the information that you need to know about the mesmerizing Ras Banas area, or the “new Ras El Hekma” as people started calling it.

All About Ras Banas

Since Ras Banas is the main player in the Ras Banas deal, let us get to know more about the area.

Ras Banas is one of the coastal villages on the shoreline of the Red Sea in the Red Sea Governorate. It is located on the southern side of the Marsa Alam area on the Red Sea.

It is the largest concentration of coral reefs, which are underwater treasures, such as the Sha’ab Satayeh and Sha’ab Malik areas. Its shoreline also extends 50 kilometers into the seawater.

The region is also located near the most famous tourist places in the Red Sea, such as the Wadi El Gemal Reserve, the Gulf of Qalaan, Hankorab Beach, and Umm Sharm El Luli, which is ranked among the 10 most beautiful beaches in the world, as well as the Hamata Islands and Wadi El Gemal.

It is worth mentioning that sand beaches, cliffs, and desert terrain are just a few of the region’s distinctive natural settings that draw both tourists and investment.

Also, you can check Ras Banas’ exact location from the map below:

So far we covered all about the Ras Banas deal, and the Ras Banas area and now it is time to talk about the Red Sea governorate which is the home of the Ras Banas area and deal.

About Red Sea Governorate

It is now time we talked about the governorate that incubated Ras Banas which is the Red Sea. The Red Sea is one of Egypt’s border governorates which has Hurghada as its capital.

For Egyptian nationals, the governorate is strategically significant because of its extend along the Red Sea coast and into the Eastern Desert up to the Nile Valley. It also acts as an entry point for imports and exports to the governorates in the north.

Since the governorate has the majority of Egypt’s metallic and non-metallic materials as well as valuable stones, it is regarded as having one of the country’s most significant mineral resources.

The governorate rolls over 119,000 km², which is about 1/8 of Egypt’s total area. With all of its cities and villages spanning 1080 kilometers and overlooking the Red Sea coast, it is one of Egypt’s largest governorates.

The Red Sea coast to the east, the Sudanese border to the south, the Suez Governorate and Giza to the north, and the governorates of Bani Suef, Minya, Asyut, Sohag, Qena, and Aswan to the west are all about it.

By now, you know all about the Ras Banas deal, the Ras Banas area, and the Red Sea Governorate, let us tell you the next steps that you can take.

What to Do Next?

Now it’s time to take practical steps which you can start by going through the website or mobile application of Nawy to stay updated on Egypt’s largest properties’ inventory.

You can also frequently read our blog articles to stay updated on the latest real estate projects, news, and deals.

Also, by filling out the below form, you will be in contact with one of Nawy’s property consultants team who will help you find your best-fitting home. Don’t forget that you can move in immediately and pay later with flexible payment plans with the Nawy Now service.

Lastly, remember that you can safely and seamlessly invest your money in any unit you would love to with the Nawy Shares service.

Relax and rest assured that with Nawy your new home will find you.