The Egyptian Ministry of Civil Aviation has been given around 1785 acres (7.5 million square meters) of state-owned land by President Abdel Fattah al-Sisi for the construction of Ras El-Hikma International Airport.
During a cabinet meeting in April, the Egyptian Cabinet decided to develop the airport in the Matrouh Governorate’s northwest coastline area.
The Egyptian Cabinet first signed a deal with the UAE in February of this year to establish the Ras El-Hikma Urban Development Project Company, a new economic zone in the city of Ras El-Hikma.
Through an investment partnership between the Ministry of Housing, Utilities and Urban Communities (MoHUUC), represented by the New Urban Communities Authority, and the Emirati holding company, Abu Dhabi Developmental Holding Company (ADQ), the Ras El-Hikma project represents the largest direct investment deal in Egypt’s history.
“The UAE will invest nearly USD 150 billion (EGP 7.158 trillion) throughout all phases of the project,” stated Prime Minister Mostafa Madbouli.
The city’s desirable strategic location is what sets it apart. Situated in the Northern Coast region, Ras El-Hikma boasts beaches that extend from kilometer 170 on the North-West Coast Road in the Dabaa district to kilometer 220 in the Matrouh city.
In keeping with the plan for the development of Egypt’s Northwestern Coast region, Egypt wants to make Ras El-Hikma a major tourist destination on a global scale. With the airport added, it would also be more easily accessible to tourists from around the globe.
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