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President Abdel Fattah al-Sisi of Egypt announced on Wednesday that the initial batch of the Ras El Hekma project’s funding has been deposited into the Egyptian central bank.
The infusion of $35 billion within a mere two months is not easy, underscoring the unwavering support and fraternal assistance provided by our Emirati brethren, al-Sisi told the 5th edition of the “Differently Abled” event.
The project, which was signed in Cairo by Egypt’s New Urban Communities Authority (NUCA) and the UAE’s ADQ – an Abu Dhabi-based investment and holding company – is expected to attract over $150 billion in investments.
