Sheikh Mohammed bin Zayed Al Nahyan and the Egyptian President watched a visual presentation about the project, its objectives, its general idea, and the great economic, investment, real estate, and tourism importance it entails, especially in light of its strategic location on the Mediterranean. They listened to an explanation from the relevant officials about the most important features of the region, the integrated services, and the opportunities that it provides. The project will provide it with prosperity.
Sheikh Mohammed bin Zayed Al Nahyan thanked the work teams that worked on the project from the Emirati and Egyptian sides during the last period, praising its plan and its ambitious goals.
He stressed the importance of the project in strengthening economic and investment relations between… UAE andArab Republic of EgyptPointing out that it represents a model of constructive development partnership between the two countries, wishing those in charge of it good luck and success in achieving the desired goals during the coming years, which will bring goodness and development to the two brotherly peoples.
It is noteworthy that last February witnessed the signing of the private investment deal for the city project The head of wisdom It is a coastal area located approximately 350 kilometers northwest of Cairo, on an area of more than 170 million square meters, and administratively affiliated with Matrouh Governorate.
The project consists of tourist facilities, a free zone, an investment zone, in addition to residential, commercial and entertainment buildings.
The project’s master plan includes a residential area extending over an area of 80 million square meters, accommodating about 190,000 villas and apartments accommodating up to two million people.
In addition, 12 million square meters will be allocated to retail, entertainment and recreation, with 25 percent of the total area allocated to open spaces, making it the greenest city on the Mediterranean, adhering to the highest standards of urban development.
Ras El Hekma will also include an investment zone, a private free zone, and five marinas.
