Ras El Hikma: Egypt’s Next Tourism Giant in Partnership with UAE’s ADQ
Egypt has officially unveiled its next major tourism hub, Ras El Hikma, located on the Northwest Coast in partnership with Abu Dhabi’s sovereign fund ADQ. This monumental project will see a 35% stake for Egypt and a 65% stake for ADQ, positioning Ras El Hikma as a global tourism and development powerhouse.
ADQ Appoints Modon Properties for Development
The ADQ Fund has assigned Modon Properties as the main developer for the Ras El Hikma city project. Following this, Modon will allocate various aspects of the work to top Egyptian and international companies, ensuring the highest standards of infrastructure and development.
Leading Egyptian Companies Take the Helm
Modon has selected three leading Egyptian companies to spearhead the city’s infrastructure and facilities:
- Orascom Construction has been chosen as the main contractor.
- El Sewedy Electric will supply the necessary construction equipment.
- I&E Egypt is responsible for establishing the smart infrastructure for communications, including 5G networks and fiber optics.
Major Partnerships and International Expertise
Modon has also signed key agreements with top international players to ensure a world-class city:
- Abu Dhabi Airports will design and operate the new Ras El Hikma International Airport.
- Burjeel Holdings will establish hospitals and healthcare facilities.
- Valderrama from Spain will design and manage the city’s golf courses.
Renewable Energy and Luxury Real Estate
Modon has partnered with Saudi Arabia’s TAQA to build solar power stations and wind farms, ensuring Ras El Hikma will benefit from sustainable, renewable energy. Additionally, Candy & Candy, a luxury real estate firm from the UK, will design and manage upscale properties, promising an unparalleled living experience.
Global Hotel Brands Enter Egypt for the First Time
For the city’s tourism sector, Modon has secured deals with some of the world’s most prestigious hotel brands, making their debut in Egypt and Africa:
- Montage Hotels & Resorts from the US.
- Accor - Ennismore, a French-English joint venture that manages 17 unique hotel brands including 21C, which blends hotel and museum experiences, and Mama Shelter, known for its homely and warm atmosphere.
Ras El Hikma: Competing with the Mediterranean’s Best
Since the launch, Modon has made its ambitions clear: to compete with the top Mediterranean tourism destinations. By merging the natural beauty of Ras El Hikma with luxurious establishments, the goal is to make it Egypt’s premier tourist destination with over USD 110 billion in investments over 20 years.
Future Expansion Plans Along Egypt’s Red Sea Coast
With Ras El Hikma underway, Egypt has identified additional prime locations along the Red Sea coast for future developments. Leading this charge are sites like Ras Banas, Ras Ghamila, and Bernice, all of which aim to cement Egypt’s beaches as world-class destinations.
Finally, Ras El Hikma stands at the forefront of Egypt’s tourism revolution, blending natural beauty with state-of-the-art infrastructure and global expertise. This ambitious project is set to reshape the country’s tourism landscape for decades to come.
