Everything You Need to Know About New Ras El Hekma City

Ras El Hekma is located in the North Coast and is officially a part of Marsa Matrouh Governorate. Its beaches extend from El Dabaa at Kilometer 170 on the North-West Coast Road to Kilometer 220 in Matrouh City. It is considered one of the most strategic areas within the national strategic plan for urban development in Egypt. This region is characterized by comprehensive and diverse development components. Thanks to this, Ras El Hekma is becoming a leading center for the tourism, investment and urban sectors, and is considered a global center for tourism in the Middle East.

What is New Ras El Hekma City project:

On February 23rd, Egypt and the Emirates signed a contract for the development of the upcoming "Ras El Hekma" city, with an estimated investment of around $150 billion. This includes $35 billion in foreign direct investment, of which $11 billion will be allocated to write off state debts. The agreement also specifies that Egypt will claim 35% of the project's overall profits. Signing the agreement were Egypt’s Minister of Housing, Utilities & Urban Communities, Assem El-Gazzar, and the UAE’s Minister of Investment, Mohamed Alsuwaidi.

The collaborative endeavor is geared towards building a cutting-edge city set to become a pivotal hub for urban living, commerce, and tourism along Egypt’s North Coast. Situated to the west of Alexandria, this initiative will be carried out through a partnership between the New Urban Communities Authority and the Abu Dhabi Development Holding Company (ADQ).

The project will cover an extensive area exceeding 40,600 feddans, comprising residential zones, prestigious hotels, resort destinations, vast entertainment facilities, and vital amenities such as hospitals, schools, and universities.

Furthermore, the city will host administrative and service infrastructures, along with a specialized free economic zone targeting information technology industries and logistics centers, as well as a central business district aimed at attracting multinational corporations.

Read more: A Deeper Look into the Emirati Real Estate Investment in Egypt

What are the benefits of Ras El Hekma project?

Ras El Hekma project is expected to achieve many benefits, including:
● Creating job opportunities: The project is expected to create more than 100,000 new job opportunities.
● Attracting investments: The project is expected to attract investments worth more than $150 billion.
● Promoting tourism: The project is expected to contribute to enhancing tourism in Egypt by attracting up to 8 million tourists a year and bringing more dollar income to the country in the medium to long term.
● Improve the standard of living: The project is expected to contribute to improving the standard of living of local residents by providing better services and modern infrastructure.
● Ras El Hekma Airport establishment: establishing and enhancing an international airport south of the city. ADQ will spearhead the airport's development, with Egypt set to receive a portion of its revenues.
● Help the economic crisis: Increase Egypt’s foreign currency reserves and help stabilize the pound exchange rate.

What is the importance of its location:

● The Ras Al Hekma area, situated on Egypt's northwestern coast within the Governorate of Matrouh, spans approximately 180 square kilometers. Positioned about 350 kilometers northwest of Cairo, it forms a peninsula stretching about 50 square kilometers into the Mediterranean Sea, from the city of Dabaa in the east, home to the Dabaa nuclear plant, to the city of Marsa Matrouh in the west.

● This region is geographically distinguished by an exciting strategic and touristic location, as it is located west of the city and airport of El Alamein, Al-Hamra Petroleum Port, and close to Marsa Matrouh and Burj Al Arab International Airports. It also provides attractive natural features such as clear sea water and soft sandy beaches.

● The climate of the region is classified as a calm climate, similar to the rest of the North Coast.

● The new Fouka Road is among the mega projects that will reduce the distance between Cairo and El Alamein from about 240 kilometers via the Cairo-Alexandria Desert Road to about 140 kilometers.

Read more: Investing in Egypt’s Real Estate Tourism Sector

The most important resorts and projects in Ras El Hekma:

● Sea View North Coast
Location: Located at Kilometer 187, Alexandria-Matrouh coastal road, directly located by the sea.

● Jefaira Bay Ras El Hekma Village
Location: Located at kilometer 191.5 Alexandria-Matrouh coastal road.

● Swan Lake Ras El Hekma Village
Location: Located at Kilo 198 on the Alexandria-Matrouh coastal road.

● City Stars Ras El Hekma Village
Location: Located at Kilometer 199 Alexandria-Matrouh coastal road, near Mountain View Village, North Coast.

● Hacienda Bay Ras El Hekma
Location: Located at kilometer 200 Alexandria-Matrouh Road, near El Alamein Airport.

● Mountain View Ras El Hekma Village
Location: Located at kilometer 200 Alexandria-Matrouh coastal Road.

● Mina 5 North Coast
Location: Located at kilometer 201 Alexandria-Matrouh coastal road.

● Al Gawhara Resort Ras Al-Hekma
Location: Located at kilometer 204 Alexandria-Matrouh coastal road.

● Royal Beach Ras El Hekma
Location: Located at Kilometer 205 Alexandria-Matrouh coastal road.

● Gaia Village North Coast
Location: Gaia Village is located at Kilometer 196 Alexandria-Matrouh coastal road.

● La Vista Ras Al-Hekma
Location: La Vista Ras El Hekma, North Coast, is located at kilometer 205 on the Alexandria-Matrouh coastal road.

● Kon Ras Al-Hekma village
Location: The village is located specifically at kilometer 202 Alexandria-Marsa Matrouh coastal road.

● Swan Lake Village, North Coast
Location: It is located in the Ghazala Sidi Abdel Rahman area, specifically at kilometer 198 Alexandria-Marsa Matrouh coastal road.

History of Ras El Hekma:

The area is famous for the rest house established by King Farouk on its coast. After the revolution of July 23, 1952, this area then turned into a presidential rest house, as the late President Anwar Sadat and after him Hosni Mubarak used it as a vacation house.

The region is characterized by the availability of a wide range of natural reserves and archaeological sites, in addition to bays, beaches and sand dunes. It provides an ideal natural environment for various types of tourism activities, including sea, beach and historical trips, safari tourism and various desert experiences. In addition, the region includes a primary nucleus for tourism development, by providing a variety of luxury hotels, resorts and conference centers that provide integrated services, with the aim of promoting tourism at the local and international levels and taking full advantage of the beach’s charm throughout the year.

To conclude Ras El Hekma project is expected to be a hub for developing cultural tourism in Egypt and strengthening the local economy in the Mediterranean region. The project is expected to contribute to attracting a large number of tourists and investors, which will enhance economic development and create new job opportunities for the local community. The project is also expected to contribute to enhancing awareness of Egypt's cultural heritage and exquisite nature, and opening the doors to cultural interaction between visitors and the local community.

If you wish to invest in a property in Ras El Hekma or in the North Coast, we advise you to deal with distinguished real estate agents to help you on your quest. Reach RE/MAX Egypt through +20222692004 or contact us here.