Sheikh Mohamed bin Zayed Al Nahyan, the leader of the UAE, and President Abdel Fattah El-Sisi of Egypt have announced a major $35 billion development plan for Ras El Hekma, located on Egypt’s northwestern coast. This large-scale project is designed to boost the region’s economy, with a strong focus on real estate and tourism. Its location along the Mediterranean Sea makes it a key area for attracting investment and promoting tourism.
During the announcement, the two leaders were shown a detailed presentation that highlighted the goals of the project. It outlined how Ras El Hekma could become a major hub for tourism and economic growth. Officials provided an overview of the services and opportunities that will be available through the project, explaining how it is expected to drive both local and international economic development.
Sheikh Mohamed expressed his appreciation for the collaboration between the UAE and Egypt, stating that the project is a great example of what can be achieved when both countries work together. He emphasized how the plan will strengthen the economic ties between the two nations and serve as a model for future cooperation. The development of Ras El Hekma is expected to create jobs, stimulate trade, and position the city as a major center for tourism and business. This project reflects the shared vision of the UAE and Egypt to create opportunities for growth and development in the region.
In summary, the Ras El Hekma development plan aims to transform the area into a vital economic hub, bringing benefits to both nations and creating a lasting impact on their economies. The project showcases the power of partnership in achieving ambitious goals that will shape the future of the region.
