Latest Real Estate News
Latest Real Estate News
edit Ahmed Gamal
date_range 1 February, 2024
The Rise of a New City: Ras Al Hekma
Overlooking the Mediterranean Sea, just 70 kilometers east of Marsa Matrouh, lies the story of a new city called "Ras Al Hekma". Built on an area of 170.8 million square meters, it is one of the most important strategic projects aimed at transforming Egypt into a global tourism hub.
History:
The Ras Al Hekma area is known for its rich history, having been home to ancient civilizations such as the Ancient Egyptian and Roman civilizations. It is also famous for the presence of King Farouk's Palace, which is one of the important historical landmarks in the region.
Strategic Location:
Ras Al Hekma enjoys a unique strategic location on the Mediterranean coast, making it an ideal destination for leisure and cultural tourism. It is also located near the new Al Alamein Airport, which facilitates access to it from various countries around the world.
Natural Features:
Ras Al Hekma is blessed with stunning natural features, boasting white sandy beaches and clear turquoise waters. It is also surrounded by several natural reserves, such as Al Omayed Reserve, Ras Al Hekma Reserve, and Wadi Al Jamal Reserve.
Development Project:
In 2024, a partnership agreement was signed between Egypt and the United Arab Emirates to develop the new city of Ras Al Hekma with massive investments amounting to 150 billion dollars. The project aims to transform the city into a global tourism hub by establishing various integrated tourism and urban projects, such as:
Luxury resorts
Entertainment cities
Commercial centers
Sports facilities
Universities
Hospitals
Economic Impact:
The Ras Al Hekma project is expected to have a significant positive impact on the Egyptian economy, as it will contribute to:
Attracting millions of tourists from around the world
Creating new job opportunities for Egyptian youth
Increasing the GDP
Attracting foreign investments
Improving the trade deficit
Conclusion:
The new city of Ras Al Hekma is a true success story that embodies Egypt's Vision 2030. We expect this city to be a landmark in Egypt's development process and a cultural and civilizational center that contributes to strengthening Egypt's position on the global tourism map.