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Emirati 'Madani' backs Ras Al Ghaimah project
Emirati company Madn Holding announced the signing of contracts to develop projects within the Ras Al Hakima project in Egypt, with a total value of up to 12 billion Egyptian pounds (approximately $240 million). The contracts include implementing infrastructure works and residential projects in the Wadi Yām area over 18 months. This marks the first area where project development has begun within the larger development, which includes residential units, hotels, and entertainment facilities. This initiative is part of Egypt and UAE’s plan to invest in Ras Al Hakima, launched in October 2024 with investments nearing $35 billion. The project aims to develop spaces dedicated to tourism and luxury, in collaboration with partners from Egypt, the UAE, and the international community.
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