- Source: Ras el-Hekma
Ras el-Hekma (Arabic: راس الحكمة) is a village on the coast of the Mediterranean Sea in Egypt.
Overview
Ras el-Hekma is located in the Egyptian Western Desert on a cape in the Mediterranean Sea, some 70 km east of Mersa Matruh and 200 km west of Alexandria. The area produces 17 percent of Egypt's olives and 26 percent of its figs.
In 2024, Egypt's New Urban Communities Authority and the Abu Dhabi Developmental Holding Company (ADQ), a sovereign wealth fund based in the United Arab Emirates, signed a deal for the ADQ to invest $35 billion in developing the area "New Ras el-Hekma". The deal grants ADQ the right to develop 130 million square metres of land, and is the largest foreign investment deal in Egypt's history. Questions have been raised regarding the project's impact on Egypt's large debt burden and the forced relocation of current residents. Abu Dhabi investment company Modon Holding PSC is the main developer of the project.
It is planned to establish a city on an area of 55 thousand acres in the location of the village, where the Egyptian government hopes the city will become a new 'Sharm El Sheikh' on the Mediterranean Sea.
The new city is divided into 11 districts: Eastern Gate - Sun Gate - White Hill - Design District - Tribal City - Wisdom Island - Fig Valley - Old District - Turtle Beach - Gulf - Western Gate. It is planned to be built in the Bedouin architectural style.
References
Kata Kunci Pencarian:
- Ras el-Hekma
- Abu Dhabi Developmental Holding Company
- Northern coast of Egypt
- List of cities and towns in Egypt
- Mountain View (Egypt)
- List of planned cities
- New Urban Communities Authority
- List of tallest buildings in the United Arab Emirates
- Aleppo offensive (October–November 2016)
