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[BUSINESS] · Egypt, United Arab Emirates · 2 sources

Egyptian Prime Minister Reviews Progress on Ras Al Hikmah Development with UAE Partner

Egyptian Prime Minister Dr. Mustafa Madbouly met with Jassim Al Zabi, head of Abu Dhabi's Finance Department and chairman of Maden Holding, at the New Administrative Capital. The discussion focused on the executive status of the Ras Al Hikmah city project on Egypt's north‑western coast.

Both officials highlighted that the development, a joint Egypt‑UAE initiative, is proceeding according to the planned schedule. The first phase will introduce hotel, commercial, entertainment and service components aimed at creating a distinctive tourist destination and attracting increased visitor traffic. They also agreed to conduct a field visit shortly to verify on‑site progress.