Top officials during the signing ceremony.
ADQ, an Abu Dhabi-based investment and holding company, has unveiled plans to invest US$35 billion in Egypt. ADQ will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments by a private consortium. As part of this investment, ADQ will also convert $11 billion of deposits that will be utilised for investment in prime projects across Egypt to support its economic growth and development.
Ras El-Hekma…
