![Ras Al Hekma is a coastal region about 350km north-west of Cairo. Photo: UN-Habitat/ Egyptian Ministry of Housing](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/J7ZHA72VYRAP5I6QJ5H3MQQT3U.jpg?smart=true&auth=f7c40d351b8410e0b3cdac341b59b570d23a4b724f94f38e52fc8b1075759905&width=400&height=225)
Ras Al Hekma is a coastal region about 350km north-west of Cairo. Photo: UN-Habitat/ Egyptian Ministry of Housing
Ras Al Hekma is a coastal region about 350km north-west of Cairo. Photo: UN-Habitat/ Egyptian Ministry of Housing
Egypt receives $14bn tranche from UAE to develop Ras Al Hekma
The allocation is the second payment under $35bn deal signed in February with a consortium led by Abu Dhabi investment firm ADQ