ADQ Announces Modon Holding as the Lead Developer for Egypt's Expansive Ras El Hekma Project

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah El-Sisi, ADQ, an Abu Dhabi-based investment and holding company, announced the appointment of Modon Holding PSC as the master developer for the expansive Ras El Hekma megaproject in Egypt.

This groundbreaking project marks a significant milestone for Modon Holding as it expands its development footprint beyond the UAE. Located approximately 350 kilometers northwest of Cairo, Ras El Hekma is envisioned as a smart, sustainable, and inclusive urban hub, nestled along a stunning coastal backdrop.

Given its proximity to over 400 million outbound tourists within a four-hour flight, tourism infrastructure will be a central focus in the initial phases. Plans include an international airport, high-speed rail links, residential areas, office spaces, hotels, retail centers, and entertainment facilities.

The project will also boast an international marina, a special free zone, and infrastructure designed to attract high-growth industries such as financial services, light manufacturing, business services, and technology, further elevating Ras El Hekma as a major global development.

During the ceremony, Modon Holding PSC initiated strategic partnerships with key stakeholders for the development of the Ras El Hekma megaproject along Egypt's breathtaking Mediterranean coastline.

Poised to become a leading urban and tourist destination, Ras El Hekma will feature a diverse range of attractions and amenities. Modon Holding, leveraging its vast experience in large-scale developments, will collaborate with partners across local, regional, and international markets to transform this visionary masterplan into a reality.

With a focus on creating a vibrant destination, the development will offer a blend of entertainment, sports, cultural events, and exceptional community management, ensuring Ras El Hekma becomes a premier hotspot on the Mediterranean.