Al Fanar for Contracting, Construction, Trade, Import, and Export Company has increased the value of its contract for excavation work in the Ras El Hekma area to EGP 27.9 million.

NAIA Developments is scheduled to launch its branded serviced residences project within NAIA Bay in partnership with the globally renowned Accor Group under the Swissôtel Residences brand

Kuwait-based Urbnlanes Development is seeking to acquire a 430-feddan land plot in Ras El Hekma on Egypt's North Coast for EGP 7 billion ($135 million).

Abu Dhabi-based Modon Holding and Montage Hotels & Resorts jointly launched Montage Ras El Hekma, introducing the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast.

This factsheet provides a comprehensive picture of the new mega project, while highlighting its expected economic impact on Egypt.

UAE-based Miran Hills Real Estate and Palm Hills Development Company partnered to launch an exclusive new development in the Ras El Hekma at Egypt's North Coast.

Real estate developer Hyde Park Developments has launched the “Shore Residences” phase within its Seashore project in Ras El Hekma, marking a step in its expansion across Egypt’s North Coast.

Leading Egyptian real estate company M squared has awarded REDCON Construction an EGP 1 billion contract for the construction and finishing of 59 residential buildings at Masyaf Ras Alhekma’s, according to a press release.

Mountain View has signed a new partnership with Core Livings to expand and further develop rental services next year across Mountain View’s various communities in Cairo and Ain Sokhna

IL Cazar Developments launched its second project, ‘The C’, in Ras El Hekma, with total investments estimated at EGP 30 billion

Elsewedy Electric is expected to start supplying building materials to the Ras El-Hikma project on Egypt’s North Coast within two months.

The Egyptian government has so far paid about EGP 5.5 billion in compensation to residents of the Ras El-Hekma area.

Abu Dhabi's Modon Holding has forged a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Ras El Hekma.

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.

Egyptian President Abdel Fattah El-Sisi and UAE President Sheikh Mohammed bin Zayed Al Nahyan have launched the Ras El-Hekma development project, a major initiative aimed at boosting economic, real estate, tourism, and environmental growth in Egypt.

The Abu Dhabi-based invested fund ADQ has started construction work on the Ras El-Hekma project, with the foundation stone to be officially laid on October 4th.

Egypt is planning to offer the Berenice area to investors among five locations on the Red Sea coast.

Prime Minister Mostafa Madbouly held a meeting to discuss the progress of the first phase of the Ras El-Hikma City Development Project, focusing on land allocations and compensations for eligible residents.

The Egyptian authorities have reduced the Central Bank of Egypt’s (CBE) claims by EGP 150 billion by end-July 2024, committed to further cut them to zero by EGP 100 billion every fiscal year (FY), according to the International Monetary Funds’ (IMF) country report on Egypt.

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.