{"id":37061,"date":"2024-02-26T09:00:00","date_gmt":"2024-02-26T05:00:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=37061"},"modified":"2026-07-06T13:11:35","modified_gmt":"2026-07-06T09:11:35","slug":"adq-to-inject-35b-to-ras-el-hekma-coastal-city-and-support-egypts-economic-growth","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2024\/02\/26\/adq-to-inject-35b-to-ras-el-hekma-coastal-city-and-support-egypts-economic-growth\/","title":{"rendered":"ADQ to Inject $35B to Develop Ras El-Hekma Coastal City and Boost Egypt’s Economic Growth"},"content":{"rendered":"\n

In February 2024, the ADQ-led consortium unveiled plans to invest USD 35 billion in Egypt. ADQ will disburse USD 24 billion for the development rights of the new city of Ras El-Hekma Mediterranean Coastal Resort City and another USD 11 billion to support Egypt’s economic growth.<\/p>\n\n\n

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Master Plan of Ras El-Hekma Coastal City<\/figcaption><\/figure><\/div>\n\n\n

The Master Plan for the Ras El-Hekma Smart City calls for developing it into a holiday resort destination, a financial center, and a free trade zone to boost tourism and economic development, in a similar fashion to Dubai. The Government of Egypt will retain a 35% stake in the Ras El-Hekama development. By 2045, the new city project of Ras El-Hekma targets mobilizing up to USD 150 billion in investments and will be supporting 750,000 direct and indirect jobs. <\/p>\n\n\n\n

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\u201cThis investment underscores our commitment to developing Ras El-Hekma into one of Egypt\u2019s most attractive coastal destinations through the enablement of mega-infrastructure and development projects, working with partners such as Modon Properties and Talaat Moustafa Group, which will deliver value across multiple sectors of Egypt\u2019s vibrant economy.\u201d<\/p>\nADQ CEO Hassan Alsuwaidi<\/cite><\/blockquote>\n\n\n\n

Egypt ambitions to make Ras El-Hekma a world-class tourist destination with hotels, marinas and entertainment facilities. Designed under the Smart City concept, it will be a pleasant place to live, work and play while paying attention to sustainability. Ras El-Hekma targets 8 million tourists annually and construction work is scheduled to start in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

In February 2024, the ADQ-led consortium unveiled plans to invest USD 35 billion in Egypt. ADQ will disburse USD 24<\/p>\n","protected":false},"author":1,"featured_media":37066,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[8],"tags":[],"yoast_head":"\nADQ to Inject $35B to Develop Ras El-Hekma Coastal City and Boost Egypt's Economic Growth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc1.net\/index.php\/2024\/02\/26\/adq-to-inject-35b-to-ras-el-hekma-coastal-city-and-support-egypts-economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADQ to Inject $35B to Develop Ras El-Hekma Coastal City and Boost Egypt's Economic Growth\" \/>\n<meta property=\"og:description\" content=\"In February 2024, the ADQ-led consortium unveiled plans to invest USD 35 billion in Egypt. 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