Rédaction Africa Links 24 with Egypt Independent
Published on 2024-02-02 05:12:26
According to Egyptian media outlet sources, reports claiming that Emirati investors had acquired the city of Ras al-Hekma on Egypt’s North Coast for $22 billion have been debunked. The sources clarified that there were no current agreements in place with Emirati businessmen to allocate land in the Ras al-Hekma area.
In statements to the Cairo 24 website, the sources pointed out that the Ras al-Hikma area in the North Coast region is still under planning and there are no agreements or contracts concluded with Emirati businessmen at the present time. The sources explained that the new plan includes making the region a global tourist destination, in line with the national and regional vision of the northwest coast region.
The region’s vision is reflected in achieving a set of goals and objectives, including the establishment of a sustainable eco-tourism city on the Mediterranean Sea capable of competing globally. The plan also aims to achieve a sustainable urban settlement in harmony with the nature and characteristics of the site, and provide economic activities appropriate to the local community.
The sources indicated that the beaches of the Ras al-Hikma area extend from the Dabaa area at Kilometer 170 on the North-West Coast Road to Kilometer 220 in Matrouh City, which is 85 km away. The new plan for the promising region is expected to be implemented on a total area estimated at approximately 199.7 km. By 2045, approximately 142.9 km of the total area of the region will be completed, the sources added.
They explained that the state has allocated 5.4 kilometers of the total area of Ras al-Hikma to be a building area of multiple uses and heights, in addition to the construction of about 10,652 housing units as well as the implementation of 50 tourist hotels. In addition, the Egyptian government has allocated 7.3 kilometers to create urban communities with diverse activities which can be sold to the private sector.
The sources emphasized that the plan for the region does not currently involve any agreements with Emirati businessmen. The focus is on developing the area into a sustainable tourist destination and urban settlement in line with the national and regional vision for the northwest coast region.
Overall, the Egyptian government’s plan for the Ras al-Hikma area is centered around sustainable development and the creation of economic opportunities for the local community. The vision includes the construction of tourist hotels and housing units, as well as the establishment of urban communities with diverse activities. This development plan is aimed at transforming the area into a global tourist destination while ensuring sustainable urban settlement and economic activities that benefit the local community.
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