Modon Partners with Elsewedy Industrial Development to Build Industrial Zone in Egypt

The "Modon Holding" group PSC, based in Abu Dhabi, announced the signing of a memorandum of understanding with the Egyptian company "Elsewedy Industrial Development", with a view to the development and exploitation of a new industrial area at the service of the "Ras El Hekma" project, currently under development on the north coast of the Arab Republic of Egypt. Extending ... This article Memorandum of Understanding for the development of an indu…

Modon Partners with Elsewedy Industrial Development to Build Industrial Zone in Egypt

Modon Holding, an Abu Dhabi-based holding company, and Egypt’s Elsewedy Industrial Development have signed a letter of intent (LOI) to build and operate a new industrial zone servicing the Ras El Hekma city megaproject in Egypt. The 10 million sqm new industrial zone, located south of the Alexandria-Matrouh Highway and opposite the Ras El Hekma site being developed by Modon, will initially focus on attracting investors and manufacturers for buil…