Marina in plans for Ras Al-Hekma
EGYPT: A direct investment deal with the UAE to build Ras Al-Hekma, a massive new city on the country’s north coast, was signed in February. The project will be undertaken by the New Urban Communities Authority and the Abu Dhabi Development Holding Company.
Considered to be the largest investment deal in Egypt’s history, with potentially $150 billion involved, the city will be positioned not only as an urban business and residential centre but also as a tourist hub. A large marina is planned amidst hotels, resorts and entertainment venues.
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