Arab Finance: The Egyptian government has compensated Ras El-Hekma residents with EGP 4.4 billion, Prime Minister Mostafa Madbouly announced in a statement on August 7th.

He added that efforts are underway to relocate 1,500 families to the "Shams El-Hekma" area.

This move is in preparation for handing over the first phase of the project to the Emirati developer.

The construction and infrastructure works of the Ras El-Hekma project will kick off before the end of 2024.

In February, Talaat Moustafa Group Holding (TMG) partnered with ADQ and Modon Properties to develop Ras El-Hekma project.

bp targets speeding up oil exploration in Egypt's Mediterranean fields Updated 9/16/2024 5:56:00 AM

Egypt, Kuwait ink MoU to enhance scientific, technical cooperation Updated 9/12/2024 2:22:00 PM

Egypt, Kuwait pen MoU to boost industrial export development Updated 9/12/2024 1:37:00 PM

CI Capital to launch Egypt’s 1st sectoral funds by year-end Updated 9/12/2024 12:21:00 PM

Investment Minister reviews Coca-Cola Hellenic's Egypt investments Updated 9/12/2024 11:09:00 AM