Key Points
- Orascom Construction to lead Phase One of Egypt's Ras El Hekma mega project, in collaboration with Modon Holding.
- The Ras El Hekma project is set to become a major milestone in Egypt's tourism and urban development strategies.
- Orascom, owned by North Africas wealthiest family, the Sawiris family, continues to drive large-scale projects critical to Egypts economic growth.
Orascom Construction, controlled by Egypt's wealthiest family, the Sawiris family, has officially confirmed its partnership with Modon Holding to spearhead the initial phase of Egypts ambitious Ras El Hekma mega project.
The agreement, signed on Oct. 4, 2024, establishes Orascom as the primary contractor for this landmark initiative, further solidifying its leadership position in Egypts flourishing construction and infrastructure sector.
Ras El Hekma A vision for urban and tourism growth
Located along Egypts Mediterranean coast, the Ras El Hekma project aims to emerge as one of the country's largest urban and tourism developments.
