Egypt received a giant investment of $14 billion from the United Arab Emirates to develop a brand new city on the coast called Ras Al Hekma.
This ambitious project aims to transform the area into a major tourist destination. Imagine luxurious hotels, beautiful homes, and exciting entertainment venues, all right next to stunning beaches. But it’s not just about fun and sun.
The plan also includes building hospitals, schools, and even top universities to create a thriving community. To attract even more people and businesses, there will be special zones dedicated to cutting-edge technology companies.
This whole project is expected to bring a huge boost to Egypt’s economy by creating new jobs, attracting more tourists, and encouraging investment. They’re aiming to build a city that will become a hub for the entire northern coast of Egypt.