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Ras El Hekma city represents a modern and contemporary leap, developed by urban authorities in the state to enhance the beauty and distinctiveness of the North Coast. This city is distinguished by its modern designs that blend with the stunning natural elements, making it one of the foremost tourist destinations where elegance, modern designs, and enchanting landscapes converge.
Ras El Hekma enhances tourism in all its forms; it is a cultural, historical, therapeutic, and luxurious tourist hub that annually attracts numerous Egyptian and international visitors seeking to enjoy unique advantages not found in any other tourist destination. Efforts are currently underway to make it one of the most beautiful tourist cities on the North Coast, as part of a twenty-year urban plan.
Ras El Hekma is characterized as a modern coastal city utilizing the latest technologies and innovations, thus operating as a sustainable city with state-of-the-art smart systems to ensure visitor comfort and enable them to enjoy a delightful summer holiday on the shores of the Mediterranean Sea, with its golden sandy beaches and crystal-clear blue waters.
The city offers a diverse range of luxurious residential units catering to families’ needs, including chalets, apartments, and villas in various designs, with price diversity to suit different clients seeking a luxurious lifestyle in a contemporary setting. Moreover, the city boasts a wide array of entertainment services suitable for all ages.
In the following paragraphs, we will delve into all the details of the new Ras El Hekma project and the most significant investment deals between Egypt and the UAE, which constitute some of the largest deals in the history of both countries. But before that, let us take a comprehensive look at the location and area of this enchanting city to build a holistic understanding of it.
Ras El Hekma city stands out for its strategic location, making it one of the prominent tourist cities easily accessible via recently developed new roads. Situated on the northwestern coastal strip of Egypt, stretching 50 kilometers, it boasts direct access to the Mediterranean Sea. This coastal strip spans from El Dabaa area at kilometer 170 on the Western Desert Road, extending to kilometer 220 in Matrouh.
The location of Ras El Hekma is ideal, positioned east of Alamein city and west of Marsa Matrouh city, allowing visitors to enjoy the enchanting nature of these coastal cities. They are optimal choices for a delightful summer holiday and indulging in maritime leisure activities such as diving.
Prominent nearby areas to Ras El Hekma include:
Ras El Hekma city was built during the reign of King Farouk at his command to serve as a retreat for him. It was named in reverence to God’s wisdom. Subsequently, the city was passed down through the heads of state, starting from King Farouk, until President Anwar Sadat who designated it as one of the presidential residences. This was followed by its continued use by President Hosni Mubarak.
Ras El Hekma city has seen increased interest across generations due to continuous developments, making it appealing to both visitors and investors alike. The city boasts numerous marketing and investment advantages, establishing itself as a preferred tourist destination. These features include:
The relevant urban authorities in the state are currently developing Ras El Hekma Gulf to become the premier luxury seaside tourist destination. The area has been divided into several neighborhoods, each distinguished by features and amenities tailored to different social segments.
The state is actively seeking to revive and stimulate tourism effectively, thus Ras El Hekma is not merely viewed as a tourist destination but an ideal residential choice. High-quality essential facilities such as educational services and healthcare are provided for all residents. Additionally, a portion of its area has been designated for an industrial zone at the highest standards.
Amid fluctuating global economic conditions and unstable currency values leading to inflationary pressures, investors are increasingly seeking assets that preserve their value. Consequently, many investors in Egypt are turning to the real estate market as a safe haven to safeguard their funds and yield significant financial returns upon eventual sale after challenging periods.
The state has begun seeking optimal solutions to the current economic crisis, culminating in an investment deal between Egypt and the UAE aimed at stabilizing economic markets and creating joint investment opportunities.
The massive deal announced between Egypt and the UAE stands as one of the largest in the history of both nations, involving an investment injection of $35 billion over two months. Prime Minister Mustafa Madbouly stated that the deal adheres to Egypt’s investment laws and is structured into two main installments:
First installment:
Second installment:
An allocation of $11 billion in UAE deposits has been earmarked to resolve foreign currency shortages and bolster hard currency reserves in Egypt, aiming to enhance the Egyptian economy and foster market confidence.
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