Modon Holding in Egypt:
Though headquartered in Abu Dhabi, Modon Holding (backed by sovereign fund ADQ) expanded into Egypt in October 2024, when ADQ formally appointed Modon as master developer for the mega coastal city Ras El Hekma, spanning 170 million sqm (~170 km²) on Egypt’s North Coast
Ras El Hekma: Mega Coastal City:
Location: ~350 km northwest of Cairo, between Alexandria and Marsa Matrouh
Total area: 170 M sqm; Phase 1 covers 50 M sqm under Modon, the rest via partners
Timeline & Scale:
Initial UAE funding of ~$35 B—including $24 B for land rights
Investment expected to reach $110 B by 2045, contributing ≈ $25 B/year to Egypt’s GDP and generating ~750,000 jobs
Designed to house up to 2 million residents and include over 40 km of green corridors
Infrastructure & Amenities:
An international airport, a cruise terminal, and high-speed rail link to Cairo
Marina, free‑zone, residential, hospitality, retail, offices, leisure, and entertainment districts (including golf by Valderrama, hotels from Accor brands)
Built with smart‑city systems, IoT connectivity, and sustainable utilities infrastructure
Ras El Hekma Industrial Zone:
In March 2025, Modon Holding partnered with Elsewedy Industrial Development to establish a 10 million sqm industrial zone near Ras El Hekma
Purpose: serve the megaproject with local building-materials production, advanced sustainable supplies, and localised supply chains
Initial anchor partners include Elsewedy Electric, 3S Ready Mix Concrete (Hassan Allam), RAK Ceramics, and Hitech Concrete
Long-term vision: drive industrial innovation, regional exports (e.g., Libya, Europe), and generate 20,000+ permanent jobs alongside broader economic impact
Strategic Partnerships:
Modon has signed key MoUs and agreements with:
Orascom Construction – primary contractor for Phase 1
Elsewedy Electric, Etisalat Egypt (e& Egypt) – for smart infrastructure and connectivity
Abu Dhabi Airports – airport planning & operations
TAQA – energy, utilities, desalination collaborations
Valderrama – golf communities, amenities planning
Why This Matters:
Modon Holding is positioning itself as one of the most ambitious developers in Egypt—bringing master-planning, smart-city systems, and large-scale infrastructure to the North Coast. Its collaborations integrate local Egyptian expertise while leveraging UAE investment and global infrastructure experience
