Why Invest in Ras Al Hekma?
Why Invest in Ras Al Hekma?
23/3/2024
It is said to be the largest investment in Egypt's history...
We are talking about the Ras Al Hekma project, which will change the face of the northwestern coast and help the state implement its development plan for the Ras Al Hekma area and make it a first-class tourist area and inject the strongest and largest tourism projects to attract more than 2 million tourists per year.
From the beginning of the announcement of the Ras Al Hekma investment project deal with the UAE, it immediately became a trend on social media and people started looking for its location, plans, and details about the deal. Because the size of the project raises many questions, but the conference and the announced news confirm that the project has large direct economic returns and provides foreign currency, in addition to providing millions of job opportunities in the region, which helps to solve the unemployment crisis.
Therefore, we have collected all the information you need to know all the details of the investment deal in Ras Al Hekma, from the first location and the decision to announce the deal to the reason for investing in it and its future plans.
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Location
Ras Al Hekma is located on the North Coast between the west of El Alamein city and the east of Marsa Matrouh, but Ras Al Hekma is considered to be affiliated with the city of Marsa Matrouh, and its beach extends from the Dabaa area at kilometer 170 on the North Coast Road to kilometer 220 in the city of Matrouh, which is considered 85 km away from the city of Ras Al Hekma.
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Services
And the reason for the interest and investment in it, from the beginning of August 2023, the government decided to exploit the land of Ras Al Hekma because of its strategic location to be an opportunity for foreign investment in Egypt with the existence of a large percentage of projects that have already been established in the region, such as Mountain View Ras Al Hekma, Vuka Bay, and Hyde Park.
Therefore, when it was announced in February 2024 that it had contracted with Emirati developers to establish a global tourist city on the land of Ras Al Hekma, and that it would have all the services with a focus on the elite level, the Ras Al Hekma deal is considered one of the strongest deals in recent years.
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Advantages
Advantages of Ras Al Hekma project, in terms of natural beauty, it is famous for its white sandy beaches and clear blue waters, making it an attractive tourist destination. Also, the infrastructure is developed. The infrastructure in Ras Al Hekma has been greatly developed, with improvements to roads, airports, and other facilities. And the entry of basic services such as electricity, water, and transportation. And the most important thing is that the investment incentives offered by the Egyptian government are attractive to investors in Ras Al Hekma with facilities.
Therefore, Ras Al Hekma is a strong and distinctive opportunity for real estate investment with an increase in the value of the asset and the annual return.
Here are some of the key features of the Ras Al Hekma project:
Strategic location: Located on the North Coast between El Alamein and Marsa Matrouh, with easy access to major cities and transportation hubs.
Natural beauty: Renowned for its white sandy beaches, clear blue waters, and stunning coastal landscapes.
Developed infrastructure: The government has invested heavily in upgrading the infrastructure in Ras Al Hekma, including roads, airports, and utilities.
Attractive investment incentives: The Egyptian government is offering a range of attractive incentives to investors in Ras Al Hekma, including tax breaks, land concessions, and streamlined regulatory procedures.
World-class tourism development: The project will include a mix of residential, commercial, and tourism developments, including hotels, resorts, golf courses, and marinas.
Sustainable development: The project is being developed with a focus on sustainability, with plans to incorporate renewable energy, green building practices, and waste management solutions.
The Ras Al Hekma project is a major undertaking with the potential to transform the North Coast of Egypt into a world-class tourism destination. The project is expected to attract significant investment, create jobs, and boost the Egyptian economy.
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