License No.:CN-1100434 | Brokerage No.:202100982107
Commercial Registration No 105300600191786
Smart solutions for Real Estate brokerage
Tax card : 697262103
In a groundbreaking move set to accelerate Egypt’s industrial and urban development, Modon Holding and Elsewedy Industrial Development have signed a letter of intent (LOI) to develop a cutting-edge industrial zone in Ras El Hekma. This collaboration not only fuels Egypt’s ambitious vision for Ras El Hekma but also marks a turning point for industrial innovation along the North Coast. Inside the Ras El Hekma Industrial Zone: Covering an impressive 10 million square meters, the new industrial zone will rise just south of the Alexandria-Matrouh Highway, directly across from the sprawling Ras El Hekma development—set to become one of the largest smart cities in the region. The zone will focus on attracting manufacturers and industrial investors, particularly in building materials and sustainable construction technologies. By localizing supply chains and streamlining logistics, the zone is expected to play a vital role in the fast-tracked, cost-effective construction of Ras El Hekma. Why This Project Matters: Strategic Location = Industrial Success: With access to major highways, airports, and the planned high-speed rail network, the industrial zone is ideally positioned to become a logistics and manufacturing hub. Its location facilitates regional exports, including to Libya, Europe, and broader African markets, while supporting Egypt’s internal construction boom. A Magnet for Investors: Modon and Elsewedy have already begun securing key industrial players. Companies such as Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete have signed memorandums of understanding (MoUs), signaling strong investor confidence in the zone’s future. Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated: “This partnership with Elsewedy is a critical step toward realizing our shared vision for Ras El Hekma—a future-ready, globally competitive destination.” What Sets This Project Apart? -Smart Industrial Planning: This is not your typical industrial zone. The focus is on smart infrastructure, clean energy, and digital connectivity—hallmarks of a future-forward industrial economy. - Sustainable Development: The industrial base is designed with long-term sustainability in mind, supporting Egypt’s environmental goals while driving continuous economic activity throughout the year. - Massive Job Creation: Over the next decade, the project is expected to generate over 20,000 jobs, fostering socio-economic growth and offering opportunities for local talent and skilled labor. - Economic Impact: By reinforcing Egypt’s position as a regional manufacturing and trade powerhouse, the industrial zone is set to contribute significantly to GDP and boost the national industrial footprint. Ras El Hekma: Egypt’s Smart Coastal City of the Future Stretching over 170.8 million square meters, Ras El Hekma is envisioned as a smart, sustainable, and inclusive urban community, capable of housing up to 2 million people. In 2024, Modon was appointed as the master developer of the city by Abu Dhabi’s ADQ. This ambitious megaproject represents a cornerstone of Modon’s international expansion strategy and is a key player in Egypt’s 2030 Vision for Urban Development. Bill O’Regan, Group CEO of Modon Holding, commented: “With Elsewedy’s local expertise and Modon’s global reach, we’re setting a new standard for urban and industrial development. This collaboration will deliver value not just to future residents, but to entire communities and industries.” Final Thoughts: This joint development between Modon and Elsewedy is more than just an industrial project—it’s a catalyst for Egypt’s transformation into a regional hub for sustainable development and smart infrastructure. Engineer Mohamed AlKammah, CEO of Elsewedy, summed it up: “Ras El Hekma Industrial Zone will be a benchmark for future industrial cities—combining world-class infrastructure with economic opportunity and community impact.” As Egypt positions itself for a new era of growth, the Ras El Hekma Industrial Zone is a bold step toward an integrated future—where industry, innovation, and community development go hand in hand.
Modon Ras El Hekma is located in Ras El Hekma, North Coast. The developer of Modon Ras El Hekma is Modon Holding.
The completion date for Modon Ras El Hekma is and the finishing for the properties are Fully Finished.
License No.:CN-1100434 | Brokerage No.:202100982107
Commercial Registration No 105300600191786
Smart solutions for Real Estate brokerage
Tax card : 697262103