The Ras El Hekma megaproject is a significant achievement for Modon Holding, significantly increasing its land area under development outside the UAE. Located approximately 350 kilometers northwest of Cairo, Ras El Hekma is designed to be an integrated, smart, sustainable, and inclusive urban community located on a picturesque coastline.
It extends over an area of approximately 40,000 acres = 170 million square meters.
Expected investment volume is US$110 billion.
International airport.
Marina International.
44 km of coastline.
23,000 hotel rooms.
2.5 million tourists annually.
Canal Beach.
Two 18-hole golf courses.
Equestrian center.
Sports center.
Luxury stores.
Recreational and social activities.
Independent villas (500 to 1,000 square meters, 5 or 6 bedrooms).
Apartments (Beach Residences)
The product is described as ultra-luxury.
sports club.
Equestrian club.
International Theatre (10,000 people).
Community center.
Hotels (1000 rooms, with new international brands in the Egyptian market).
Golf course.
Built on natural slopes 20–30 metres high.
It extends over a coastline of 44 km.
It houses the largest marina in the world (3,000 berths).
International airport, high-speed train station, seaport, water taxi.
Year-round destination: 2 million permanent residents, 2.5 million annual visitors.
Special Economic Zone (Free Zone), and a financial center similar to DIFC and AGM.
It was mentioned that the project should not be compared to any compound on the North Coast, but rather to cities such as Barcelona, Nice, or the Turkish Riviera.
Modon currently operates in the UAE, Spain, the UK, Morocco, and now Egypt.
Sales worth AED 13 billion by 2024.
Development of two islands in Abu Dhabi (Al Reem and Al Hudayriat).
Acquisition of a major project in Spain (La Zagaleta near Marbella).
Opening of a Four Seasons hotel in Rabat, Morocco. Acquisition of a 40.5% joint stake in TMG Hospitality in Egypt in partnership with ADQ (including Four Seasons, Sofitel, Marriott, Steigenberger, etc.).
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