Consortium led by Abu Dhabi’s ADQ to invest $35 billion in Egypt

ADQ, a prominent investment and holding company based in Abu Dhabi, has announced its intention to invest $35 billion in Egypt. The company aims to obtain the development rights for Ras El-Hekma for $24 billion, with plans to transform the region into a new city development. Additionally, ADQ intends to convert $11 billion worth of deposits for investment in key projects throughout Egypt. The commencement of work is anticipated to take place in early 2025.

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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