A consortium led by ADQ to inject $35 billion into Egypt

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.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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