In a major development, Egypt’s Minister of Housing, Assem El-Gazzar, and the UAE’s Minister of Investment, Mohamed Al Suwaidi, signed an important agreement at the New Administrative Capital. This deal aims to transform Ras El Hekma into a top destination for luxury living and tourism, significantly enhancing Egypt’s tourism sector.
Key Details About the Ras El Hekma Deal with UAE
- Investment Scale: This partnership is the largest direct investment project in Egypt’s history, with $35 billion expected to be invested in the area within the next two months. Emirati investments in this project are expected to exceed $150 billion.
- Project Scope: The project will cover more than 40,600 acres. It will include extensive residential areas, luxury international hotels, and appealing tourist resorts. The development plan also features large entertainment venues.
- Essential Services: The project will provide crucial services, including:
- Hospitals to meet healthcare needs
- Educational institutions to support local education
- World-class universities offering high-quality education
- Economic Zones: There will be free economic zones focused on information technology to support and develop innovative ideas and technologies.
This deal is more than just an investment; it is about creating a significant hub that will shape the future of the North Coast and Egypt. Ras El Hekma is becoming an attractive destination for investors interested in a growing market. The combination of natural beauty, modern facilities, and a supportive investment environment makes it an ideal location for beachfront property investments.
Top Resorts in Ras El Hekma
Ras El Hekma Bay is known for its upscale resorts, each offering excellent amenities and services. Some of the notable resorts in the area include:
- Cali Coast by Maven Developments: Known for its luxury and modern design.
- Fouka Bay by Tatweer Misr: A popular choice for its beautiful setting and facilities.
- Gaia by Al Ahly Sabbour Developments: Offers a blend of comfort and elegance.
- Mountain View Ras El Hekma by DMG: Known for its stunning views and amenities.
- Kai Sahel by Misr Italia: Provides a luxurious coastal experience.
- Naia Resort by Naia Developments: Offers high standards of accommodation.
- El Masyaf by M2 Developments: Known for its exceptional quality and service.
- La Vista Ras El Hekma by La Vista Developments: Favored for its upscale features.
- Koun Resort by Mabany Edris: Offers a unique and luxurious stay.
- Swan Lake Resort by Hassan Allam Company: Known for its excellent facilities.
- Salt by Tatweer Misr: Offers a modern and stylish environment.