حفلة 2024

Sisi: Egypt receives 1st payment of Ras El Hekma project

President Abdel Fattah al-Sisi of Egypt announced on Wednesday that the initial batch of the Ras El Hekma project’s funding has been deposited into the Egyptian central bank.

The infusion of $35 billion within a mere two months is not easy, underscoring the unwavering support and fraternal assistance provided by our Emirati brethren, al-Sisi told the 5th edition of the “Differently Abled” event.

The project, which was signed in Cairo by Egypt’s New Urban Communities Authority (NUCA) and the UAE’s ADQ – an Abu Dhabi-based investment and holding company – is expected to attract over $150 billion in investments.

Leave a comment