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Modon to build industrial zone near Egypt's Ras El Hekma

Summary by AGBI
A joint venture between Abu Dhabi-listed Modon Holding and Egypt’s Elsewedy Industrial Development is planning to build a new industrial zone near the $35-billion Ras El Hekma megaproject. The two companies have signed a letter of intent for the project, state-run news agency Wam reported. The 10 million sq m new industrial zone, located south of the Alexandria-Matrouh highway and opposite the Ras El Hekma site, will initially focus on attractin…
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AGBI broke the news in on Friday, March 28, 2025.
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