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February 28, 2024

Egypt

UAE invests $35bn to develop Ras Al Hekma City in Egypt

Egypt and the United Arab Emirates (UAE) recently entered into a significant real estate investment agreement. In this deal, the Abu Dhabi Developmental Holding Company (ADQ) has been granted the rights to develop the Ras Al Hekma project, with a substantial investment of $24 billion. The primary objective of this initiative is to transform the area into a vibrant and prosperous destination....