ABU DHABI, 23rd February, 2024 (WAM) — ADQ, an investment and holding company based in Abu Dhabi, has announced its intention to invest $35 billion in Egypt. ADQ will secure the development rights for Ras El-Hekma for $24 billion, aiming to transform the area into one of the largest new city developments led by a private consortium. In addition to this investment, ADQ plans to convert $11 billion of deposits to fund key projects across Egypt, bolstering its economic growth and development.
