Why Modon Is Egypt’s Most Ambitious Developer Today

In early 2024, a historic partnership reshaped Egypt’s North Coast: Modon Holding, a leading UAE-based urban developer, was appointed the master developer of Ras El Hekma, a megaproject poised to become one of the Mediterranean’s top investment and tourism hubs. Backed by Abu Dhabi’s ADQ, Modon Holding is now one of the most ambitious players in Egypt’s real estate market, with plans that could redefine the future of coastal development. Who Is Modon Holding? Modon Holding is an urban development company based in Abu Dhabi, United Arab Emirates. Known for delivering large-scale infrastructure and community projects across the UAE, Modon is now bringing its world-class expertise to Egypt’s real estate scene. Key Highlights: - Owned by ADQ, one of the UAE’s largest sovereign wealth funds - Developer behind iconic UAE projects like Hudayriyat Leisure District and Jubail Island - Specializes in master planning, smart cities, tourism, and industrial infrastructure - Known for integrating sustainability, digitalization, and community-first planning Ras El Hekma: A $35 Billion Vision for Egypt’s North Coast Modon Holding’s biggest statement in Egypt is the Ras El Hekma development, a 170 million square meter megaproject west of Alexandria. This coastal transformation is backed by $35 billion in initial UAE investment, with Modon leading the design and development of an entirely new urban destination. Project Scope: - 44 km of Mediterranean beachfront - Residential, commercial, tourism, and industrial zones - Smart city technologies and green corridors - New infrastructure including a marina, airport, and transport networks - Expected to generate $25B annually in GDP impact and over 750,000 jobs by 2045 Modon’s role is not limited to construction — it’s responsible for long-term planning, governance, and delivery alongside Egyptian partners. Strategic Collaborations Driving Success To ensure timely and high-quality execution, Modon Holding is collaborating with some of the most respected names in Egypt and the Gulf region. Notable Partners: - Orascom Construction – Phase 1 delivery and civil works - Elsewedy Industrial Development – Building a 10M sqm industrial zone - Abu Dhabi Airports – Designing the new Ras El Hekma international airport - Montage, Valderrama, Accor – High-end hospitality and golf experiences - e& (Etisalat Egypt) – Smart city infrastructure and digital connectivity These partnerships show Modon’s commitment to creating a world-class, livable city from the ground up. Why This Makes Modon the Most Ambitious Developer in Egypt No other developer in Egypt is currently leading a project of this scale, scope, and strategic importance. Modon is bringing: - International urban design standards - Massive capital investment - Proven success in mixed-use community development - A model of public-private partnership that boosts investor confidence This positions Ras El Hekma as a global real estate destination, much like Dubai was in its early transformation years. What It Means for Buyers and Investors For property seekers and investors, Modon’s presence in Egypt signals trust, transparency, and long-term value. Ras El Hekma will feature: - Luxury villas, waterfront apartments, and branded residences - Tourism-driven demand for rental units - Smart infrastructure for residents and businesses - High ROI potential due to early investment opportunities As the project phases roll out, platforms like Elbayt.com will offer exclusive access to listings, launch updates, and verified investment opportunities. With a bold vision, strategic partnerships, and unparalleled execution capacity, Modon Holding is not just building in Egypt—it’s reshaping the very future of Egyptian coastal living. Whether you’re investing, relocating, or seeking beachfront serenity, Ras El Hekma by Modon is a name to watch. Stay informed with Elbayt.com, your trusted source for Egypt’s next big real estate chapter.