UAE Minister of Investment: We are committed to transforming Ras Al-Hekma into the most important coastal destinations

He met Dr. Mostafa Madbouly, Prime MinisterToday, Mohammed Al Suwaidi, Minister of Investment of the Emirates, Director General of the Abu Dhabi Fund for Development, within the framework of following up on the executive procedures for the project to develop the city of Ras El Hekma, in partnership between Egypt and the Emirates.

The meeting was attended by Dr. Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, and Hisham Talaat Mostafa, Chairman of Talaat Mostafa Holding Group, a member of the coalition responsible for developing the city.

This meeting comes to follow up on the steps taken by the Emirati side to prepare Ras El Hekma city plansBy seeking the assistance of the largest consulting offices in the world with extensive experience in this field; In order to envision the general plan for the development of the city, located on the northwestern coast.

The UAE Minister of Investment said: “We are moving forward at pace to begin the implementation steps for… Ras El Hekma city development project On the northwestern coast of Egypt, as part of our commitment to transform the Ras El Hekma area into one of the most important coastal destinations, indicating that this important project is considered a pivotal step towards consolidating Ras El Hekma’s position as a leading tourism destination of its kind on the shores of the Mediterranean.

In this context, he explained Muhammad Al-SuwaidiThe project includes many diverse tourism activities, in addition to establishing an industrial zone in the southern part of the city, as well as the construction of a commercial and financial district in the heart of the city, reviewing a proposal for the plan and components of the first phase, including many projects. He said: “We continue to hold periodic meetings regarding the components of the first phase in order to work on quickly starting its implementation.”

During the meeting, an agreement was reached between the Minister of Housing and the UAE Minister of Investment on the speedy delivery of the final general framework for the components of the first phase of the development project. Ras El Hikma city; In preparation for receiving the building requirements for each of its projects, and starting implementation.

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