Egypt Reviews Ras El Hekma Megaproject With UAE’s Modon Holding on July 8, 2026

Egypt’s prime minister reviewed the latest developments in the Ras El Hekma megaproject with Abu Dhabi-based Modon Holding on July 8, 2026, putting coordination between Egypt and the United Arab Emirates at the center of the planned coastal city’s next phase.

The meeting was held at the Egyptian government headquarters in the New Administrative Capital. Egyptian and Emirati sides discussed implementation and efforts to keep the project on schedule, according to a Reuters-distributed report.

The review is the latest documented update on a major mixed-use urban development planned for Egypt’s Mediterranean coast. It did not announce completion, a new construction milestone or a revised delivery date.

Ras El Hekma’s planned uses make it relevant to wider questions about construction, investment and urban expansion in the region. A coastal city combining homes, commercial space, hotels, resorts and entertainment facilities would represent a substantial form of urban development if the plans proceed.