
File Photo: The coast side of Ras El-Hekma. Photo courtesy of nawy Website.
According to the official gazette, the Maritime Transport and Logistics Sector at the Ministry of Transport will oversee the technical aspects of the establishment process.
In April, the cabinet allocated two plots of land in Matrouh governorate to the Ministry of Civil Aviation to establish Ras El-Hekma International Airport.
These decisions follow the signing of a historic deal between Egypt and the UAE to build a multi-billion new state-of-the-art city of Ras El Hekma as a new massive urban, business and tourism centre in the country's North Coast.
The project will encompass residential districts, prestigious international hotels, tourist resorts, expansive entertainment venues, and service facilities such as hospitals, schools, and universities.
It will also feature administrative and service buildings, a free economic zone for information technology, industries and logistics hubs, and a central business district that would attract global companies.
Emirati investments throughout the implementation of the project, the largest of its kind in Egypt’s history, are expected to reach a minimum of $150 billion, according to Madbouly.
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