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.
