Ras El-Hekma Photo: (Al- Ahram)
The city-scaled project will be established across 5.65 million square metres, with a beachfront of over 4.8 kilometres, in Egypt’s North Coast. The development’s investment size has not been disclosed.
The development will offer residential living, luxury hotels, a sports club, beachfront dining, and a wellness centre and spa.
It will combine Miran Hills’ vision for high-end living with Palm Hills’ experience of delivering premium residential and mixed-use communities in Egypt, setting “a new benchmark for luxury living on the North Coast,” according to Miran Hills Managing Director Hisham Malak.
The $35 billion Ras El-Hekma project, one of the largest foreign investments in Egypt, was signed with the UAE in February 2024. Total investments are expected to reach $150 billion over the life of the development.
In the past two years, Egypt secured over $60 billion in North Coast megaprojects from the UAE, Qatar, and regional investors.
Net investment inflows from real estate purchases by non-residents recorded $732 million in 2025.
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