Egypt announces $35B deal with UAE to buy premium Mediterranean area

Abu Dhabi will pay Cairo for Ras el-Hekma within two months, with the funds earmarked to alleviate Egypt's economic crisis

By: Middle East Eye

Mar 22 2024
6
220 Views

Egypt has agreed to a $35bn deal with the United Arab Emirates to develop the town of Ras el-Hekma town on its northwestern coast, Egyptian Prime Minister Mostafa Madbouly announced on Friday after w… [+3288 chars]

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Egypt announces $35B deal with UAE to buy premium Mediterranean area

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