{"id":1091,"date":"2026-07-18T14:07:26","date_gmt":"2026-07-18T11:07:26","guid":{"rendered":"https:\/\/selio.sakanmisr.com\/?p=1091"},"modified":"2026-07-18T14:07:26","modified_gmt":"2026-07-18T11:07:26","slug":"pm-madbouly-reviews-progress-of-ras-el-hekma-megaproject-with-modon-holding","status":"publish","type":"post","link":"https:\/\/dailybusiness.info\/?p=1091","title":{"rendered":"PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding"},"content":{"rendered":"
\n

Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt\u2019s northwestern Mediterranean coast.<\/p>\n

The meeting, held at the government headquarters in the New Administrative Capital, focused on the latest developments in the flagship urban development project and ongoing coordination between the Egyptian and Emirati sides to ensure implementation remains on schedule.<\/p>\n

Madbouly reaffirmed the government\u2019s commitment to closely monitoring the project\u2019s execution, stressing that continuous coordination between the two countries is helping accelerate progress across its various components in line with the planned timetable.<\/p>\n

He said the development is expected to maximise investment and development opportunities along Egypt\u2019s North Coast and serve as a major catalyst for economic growth and tourism in the region.<\/p>\n

Al Zaabi said construction is progressing according to schedule, adding that the hospitality, commercial and entertainment facilities in the first phase remain on track to begin operations as planned.<\/p>\n

\"PM<\/p>\n

He noted that the project aims to create a world-class tourism destination by capitalising on Ras El Hekma\u2019s natural attractions while boosting visitor arrivals to Egypt\u2019s Mediterranean coast.<\/p>\n

Al Zaabi also thanked the prime minister for his continued follow-up of the project\u2019s implementation, describing Ras El Hekma as a transformative investment that will reshape tourism and economic activity along the North Coast.<\/p>\n

The two sides agreed to conduct a joint site visit to Ras El Hekma in the near future to review construction progress on the ground.<\/p>\n

Ras El Hekma is a flagship Egypt-UAE development project announced in 2024 under a $35bn investment agreement led by ADQ. The mixed-use coastal city will include hotels, resorts, residential and commercial developments, and entertainment facilities, making it one of the largest tourism and real estate projects on Egypt\u2019s Mediterranean coast.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt\u2019s northwestern Mediterranean coast. The meeting, held at the government headquarters in the New Administrative Capital, focused on the latest developments in the flagship urban development project and …<\/p>\n","protected":false},"author":1,"featured_media":1092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-1091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nPM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding - daily business egypt<\/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:\/\/dailybusiness.info\/?p=1091\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding\" \/>\n<meta property=\"og:description\" content=\"Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt\u2019s northwestern Mediterranean coast. 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