Ras El-Hekma by Modon

Overview of Ras El Hekma by modon developments:

In October 2024, UAE’s sovereign fund ADQ appointed Modon Holding P.S.C. as master developer of the Ras El Hekma megaproject covering around 170 million sqm on Egypt’s North Coast 

Phase 1, totaling 50 million sqm, is managed directly by Modon. The remaining ~120 million sqm will be developed via partnerships with Egyptian, UAE, and international developers under the oversight of ADQ’s Ras El Hekma Urban Development Project Company 

Economic Vision & Scale in ras el hekma:

Projected investments are estimated at US $110 billion by 2045, with an expected contribution of ~US $25 billion annually to Egypt’s GDP and the creation of around 750,000 direct and indirect jobs 

Designed to accommodate up to 2 million residents, supported by over 40 km of green corridors, positioning it as the greenest megaproject in the region 

Strategically sited about 350 km northwest of Cairo, with proximity to Alexandria and Marsa Matrouh, placing over 400 million outbound tourists within a four-hour flight range

Masterplan & Key Infrastructure of ras el hekma:

The development includes:

International airport and high-speed rail link connecting to Cairo

Cruise terminal, marina, and special economic free zone

Mixed-use residential, hospitality, retail, recreation, and office districts

Focus sectors include tourism services, light manufacturing, business and tech services, and financial services 

Strategic Partnerships of ras el hekma:

Modon has signed major Mous and agreements with a range of partners:

Orascom Construction – initial phase contractor

Elsewedy Electric – building materials, industrial parks

Abu Dhabi Airports – airport planning & operations

TAQA – utilities, desalination, energy infrastructure

e& Egypt – digital connectivity, fiber, 5G, IoT systems

Valderrama – golfing communities

Other hospitality & health partners include Accor, Ennismore, Montage International, Burjeel Holding, Candy International

Industrial Zone Expansion in ras el hekma:

In March 2025, Modon and Elsewedy Industrial Development signed an LOI to build a 10 million sqm industrial zone adjacent to the masterplan area

Intended to ramp up production of building materials, make supply chains local, and support the construction phase efficiently across sectors including cement, ceramics, concrete, and power components 

Anchor partners include Elsewedy Electric, 3S (Hassan Allam), RAK Ceramics, and Hitech Concrete. Long-term goal: 20,000+ permanent jobs and growth into export markets like Libya and Europe 

Why It Matters:

Ras El Hekma is a flagship UAE‑Egypt strategic partnership delivering:

Massive foreign direct investment and local economic stimulus

A blueprint for smart, green, and inclusive city-making

Deep integration of Egyptian industry and global infrastructure know‑how

A North Coast destination with year‑round appeal, not just a summer resort 

If you’d like more details on:

Specific residential or hospitality developments (e.g., beach resorts, golf villages by Accor or Valderrama),

Status of Phase 1 construction (timeline, land release, launching),

Industrial zone investment opportunities (leasing, anchor tenants),

Impacts on local communities or governance arrangements—

Just let me know, and I can pull the latest available info.