Have you heard the exciting news? The Egypt and UAE have just signed a historic deal to develop the stunning area, Ras El Hekma, on the northern coast of Egypt. This collaboration promises to bring a whole new level of charm and vibrancy to this already beautiful destination.
Today, we’ll talk about the Ras El Hekma deal and unfold its secrets. Are you ready to discover the key things about this deal?
Ras El Hekma Deal
In a historic milestone, Egypt’s Minister of Housing, Assem El-Gazzar, and the UAE’s Minister of Investment, Mohamed Al Suwaidi, signed a groundbreaking deal at the New Administrative Capital.
This agreement marks the beginning of an innovative project that will redefine luxury living and elevate the tourism landscape of Egypt to new heights.
Now, let’s take a look at the key facts you should know about the Ras El Hekma deal.
Facts About Ras El Hekma North Coast Deal With UAE
- This partnership represents the largest-ever direct investment project in Egypt’s history, with a whopping $35 billion set to be injected into the economy within two months.
- It’s also worth noting that, the Emirati investments, exceeding a staggering minimum of $150 billion, pour into this monumental endeavor.
- Covering an expanse of over 40,600 acres, this project will create a sprawling tapestry of residential districts, prestigious international hotels, and mesmerizing tourist resorts.
- The visionary development plan includes expansive entertainment venues that will leave you captivated, along with service facilities such as:
- Hospitals
- Educational institutions
- World-class universities
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There are free economic zones dedicated to information technology industries, where groundbreaking ideas are nurtured and flourish.
This deal isn’t just about investment; it’s about creating a hub that will shape the future of North Coast and Egypt.
The agreement makes Ras El Hekma a great spot for investors looking to capitalize on a growing market.
The combination of natural allure, state-of-the-art facilities, and a thriving investment landscape makes this area the ideal destination to secure your beachfront property and reap the rewards of a wise investment.
Top Ras El Hekma Resorts
Ras El Hekma Bay is filled with a large number of upscale resorts. They include but are not limited to:
- Cali Coast by Maven Developments.
- Fouka Bay by Tatweer Misr.
- Gaia by Al Ahly Sabbour Developments.
- Mountain View Ras El Hekma by DMG.
- Kai Sahel by Misr Italia.
- Naia Resort by Naia Developments.
- El Masyaf by M2 Developments.
- La Vista Ras El Hikma by La Vista Developments.
- Koun Resort by Mabany Edris.
- Swan Lake Resort by Hassan Allam Company.
- Salt by Tatweer Misr.
- June Resort by Sodic.
Read In Ras El Hekma : Egypt’s Best Beaches & Resorts
Final Thoughts
This extraordinary collaboration between Egypt and the UAE is set to redefine the concept of a beach getaway, offering an unparalleled experience that will leave you breathless.
It’s time to write a new chapter in the story of Egypt’s coastal paradise.
Want to invest in Ras El Hekma? Dream of calling your own in this area? Contact Nawy via the WhatsApp icon. Leave a message and then one of our dedicated property consultants will call you right away.
