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.

For decades, Egypt's pristine beaches have captivated tourists seeking a taste of paradise. Now, Egyptian tourism officials are setting their sights beyond the allure of traditional beach vacations. Hence, the country is taking steps to elevate the tourism experience and boost economic growth.

Mountain View has launched a new tourism project on the North Coast, with investments of up to EGP 90 billion.

Al Marasem International for Urban Development has launched Mar Bay, its third integrated project.

The construction and infrastructure works of the Ras El-Hekma project will kick off before the end of 2024, Minister of Housing, Utilities, and Urban Communities, Assem Al-Gazzar said.

Saudi Arabian Al Marasem Development will develop an integrated tourism project in the Ras El-Hekma city, in partnership with a subsidiary of Inertia Egypt.

Egypt has received the second tranche worth $14 billion of Ras El-Hekma deal, Prime Minister Mostafa Madbouly announced during the cabinet’s meeting on May 15th.

The National Bank of Kuwait’s (NBK) Economic Research Department expects Egypt’s foreign exchange (FX) reserves to reach $45-46 billion by the end of May after receiving the second tranche of the Ras El-Hekma deal.

The UAE investments in the Egyptian market amounted to $30 billion before the unveiling of the Ras El-Hekma project.