Cabinet approves major investments in Ras El Hekma

The Egyptian Cabinet has approved the establishment of a private free zone in Ras El Hekma, known as the Ras El Hekma Urban Development Project Company. 

 

Furthermore, the Cabinet has also approved Prime Minister, Mostafa Madbouly's draft decision to create an investment zone in Ras El Hekma.

 

These decisions entail the endorsement of the Cabinet resolution, which grants the Ras El Hekma Urban Development Project Company a golden license, encompassing both the investment zone and private free zone projects.

 

 Additionally, the approval has been granted for the establishment of the Board of Directors for the Ras El Hekma Investment Zone as proposed by the Prime Minister.

 

Furthermore, the decisions include the authorization for the Ras El Hekma Urban Development Project Company to establish a specialized international tourist port within the new city of Ras El Hekma. 

 

This will come within the framework of the partnership between Egypt and UAE under which Abu Dhabi Developmental Holding Company (ADQ) acquires the rights to develop the Ras El Hekma project.