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UAE invests 10 billion pounds in Ras Al Hokma
The UAE-based Group "Maden Holding" has announced the implementation of infrastructure works in the "Wadi Yom" city as part of the Ras El Hikma project in Egypt, with a value of approximately 10 billion Egyptian pounds (200 million dollars). This contract is the second-largest for the group in the project, which was launched in October 2024 with investments totaling up to $35 billion. The project includes the development of residential areas, hotels, and recreational facilities across 170 million square meters. During the first phase, Maden Holding will develop 50 million square meters of tourism infrastructure in collaboration with Egyptian and international Emirati developers.
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