Abu Dhabi Developmental Holding (ADQ) has appointed the Emirati Modon Holding PSC as the lead developer for the expansive Ras El-Hekma project on Egypt’s North Coast.

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.

Abu Dhabi Developmental Holding (ADQ) is poised to unveil a comprehensive plan for the Ras El-Hekma development project in the coming months, contingent upon the Egyptian government’s approval.

Ras El-Hekma city in Egypt, being developed by the Abu Dhabi Developmental Holding Company (ADQ), will include a free zone to facilitate the establishment of investment and financial projects.

Talaat Moustafa Group Holding (TMG) has partnered with Abu Dhabi Developmental Holding (ADQ) and Modon properties to develop Ras El Hekma project, as per a statement.

Egypt will receive $35 billion in foreign direct investment (FDI) from Abu Dhabi Developmental Holding (ADQ) for the Ras El Hekma project.

The ADQ Holding Group and the UAE-based ADNEC Group have signed definitive agreements to strategically acquire a 40.5% stake in the Arab Company for Tourism and Hotels Investments (ICON), the hospitality arm of Talaat Moustafa Group Holding (TMG).

Abu Dhabi’s sovereign wealth fund ADQ has signed final contracts worth $800 million with The Sovereign Fund of Egypt (TSFE) to acquire stakes in three state-owned oil and petrochemical firms.

An affiliated firm to Abu Dhabi-based investment and holding company ADQ is considering purchasing a 20-25% stake in state-owned Egyptian Chemical Industries (KIMA).

A fund affiliated with ADQ Holding, one of Abu Dhabi’s sovereign wealth funds, is on the verge of buying a 20-25% stake in the state-owned Egyptian Linear Alkyl Benzene (Elab).

The company's investments in Egypt amounted to about $4.3 billion since 2014, which reflects the firm’s huge interest in the Egyptian market.