Egypt has secured a significant $35 billion investment deal with the United Arab Emirates for the development of the Ras Al Hekma area on the Mediterranean coast. The agreement includes an upfront payment of $15 billion and an additional $20 billion to be received within two months. The investment aims to boost Egypt's foreign currency reserves and address its currency crisis, with plans for various developments in residential, tourism, education, industrial, financial, marina, and airport sectors.
Egypt’s dollar bonds surge as a landmark $35 billion investment deal with the UAE stokes optimism https://t.co/QWRJ4gf1AF
Egypt’s dollar bonds surge as a landmark $35 billion investment deal with the UAE stokes optimism https://t.co/QZum3wNPrl
Egypt’s dollar bonds surge as a landmark $35 billion investment deal with the UAE stokes optimism https://t.co/vwy0Wny9jX
How Ras El Hekma deal could boost investor confidence in Egypt Read more: https://t.co/slrRqE91pU https://t.co/gfqijPPMHR
Egypt Announces $35BN Deal With UAE To Buy Premium Mediterranean Area https://t.co/kfg8ZL3vK2
Egypt announces a $35 billion investment from the UAE for Ras Al-Hekma town. At the same time, ongoing negotiations with the IMF for a bailout deal exceed $10 billion https://t.co/9e8gRGweHE
UAE provides a massive capital injection into Egypt: Egypt has agreed to a $35bn deal with the UAE to develop the NW coastal town of Ras el-Hekma. The entire sum will be paid within 2 months. Egypt will also accrue 35% of future projects from this venture. Win-win…
ICYMI: #Egypt has signed an investment partnership agreement with the #UAE to develop the Ras al-Hikma peninsula west of Alexandria, in one of the biggest deals of its kind. https://t.co/6f0fMCtSzm
Egypt and the UAE have announced a $35 billion agreement for the development of Ras El Hekma, guaranteeing that residents of Ras El Hekma will be relocated with financial compensation to help alleviate Egypt's economy https://t.co/9e8gRGweHE
Egypt and the UAE have announced a $35 billion deal to develop the Ras el-Hekma town on the North Coast https://t.co/9e8gRGweHE
#UAE invests $35bn to develop Ras Al Hekma City in #Egypt Read more: https://t.co/gr1V3tKmse https://t.co/SEy5YACF04
Big number. Abu Dhabi steps in to ease Egypt’s currency crisis with $35bn investment via @FT https://t.co/LuQM8jGxBC
ICYMI: #Egypt has signed an investment partnership agreement with the #UnitedArabEmirates to develop the Ras al-Hikma peninsula west of Alexandria, in one of the biggest deals of its kind. https://t.co/6f0fMCtSzm
Egypt announces a $35 billion deal with the UAE to develop Ras El Hekma on the North Coast. Prime Minister Mostafa Madbouly reveals the specifics, with an initial $15 billion arriving next week and $20 billion in two months https://t.co/9e8gRGweHE
Egypt, UAE sign $35 billion development deal amid foreign currency crunch, @Adam_Lucente reports https://t.co/BSpMWXJHia
Abu Dhabi steps in to ease Egypt’s currency crisis with $35bn investment https://t.co/otG5WX2Nhh
UAE to invest 35 billion in Egypt for development of resorts on the Ras El Hekm peninsula https://t.co/AZMe2XL4bW
Egypt announces $35 billion UAE investment on Mediterranean coast https://t.co/BlTfpxppvL https://t.co/sCXTfm1Obv
PM Madbouly detailed the $35 billion UAE-Egypt agreement for developing Ras El Hekma town on the North Coast, including residential, tourism, education, industrial, financial, marina, and airport areas https://t.co/9e8gRGweHE
BREAKING: The UAE is set to invest $35 billion in Egypt development project
The Abu Dhabi government says it's is going to invest tens and maybe hundreds of billions of dollars building a kind of Mediterranean NEOM on the north coast of Egypt, which is legit one of the most beautiful stretches of beaches I've ever seen in my life https://t.co/JA3pSaXDQo
Egypt announces $35bn deal with UAE to buy premium Mediterranean area https://t.co/rZjuzMJbii
The UAE and Egypt agreed on a deal to develop premium land on the Mediterranean coast, with Abu Dhabi wealth fund ADQ saying it will lead a consortium that plans to invest $35 billion https://t.co/vt1Ia2ehS5
Global News | Abu Dhabi-led consortium to invest $35 bn in Egypt property deal: Agencies https://t.co/lrOmdQxEgG
WOW, it is real: UAE will pay $35bn to Egypt to buy the town of Ras el-Hekma on its northern coast, Egyptian Prime Minister Mostafa Madbouly announced on Friday after weeks of speculations https://t.co/9UK8YuZIaT
Egypt announces multi-billion UAE investment to boost forex https://t.co/PuZvGzKddJ https://t.co/QaEJfn65Qr
Ras Al Hekma City Development Deal is the Largest Investment Deal in #Egypt's History: Prime Minister https://t.co/XmdCOrU0Xd
Egypt announces massive $35 billion deal with UAE to buy premium Mediterranean area https://t.co/9e8gRGweHE
BREAKING: UAE to invest $35 bn in Egypt: Egypt PM https://t.co/qRxwEvFQJS
Egypt, UAE sign major investment deal for Ras al-Hikma peninsula https://t.co/1G9RHIEMl6 https://t.co/qbaKxcgsKU
#Egypt to receive $35bn down payment for Ras Al Hekma deal within 2 months Read more: https://t.co/rXXV1Tg3gu https://t.co/tlGFGgpQBD
#Egypt PM: Foreign Direct Investment Through Ras Al Hekma Development Deal Contributes to Eliminating the Parallel Market for Foreign Currency https://t.co/91QfiBrfSp
Prime Minister Madbouly: #Egypt to receive $35bn in down payment for Ras Al Hekma deal, including $15bn upfront and $20bn within two months https://t.co/76xhdAePVo
#Egypt has signed an investment partnership agreement with the United Arab Emirates to develop the Ras al-Hikma peninsula west of Alexandria, in one of the biggest deals of its kind. https://t.co/6f0fMCtSzm https://t.co/NY7WbErWe6
#Egypt Secures Landmark Investment Deal, Boosting Economy and Job Creation Egypt's Cabinet, led by Prime Minister Mostafa Madbouly, said it approved the largest foreign direct investment deal in the country's history, without giving further details. This move aligns with the… https://t.co/OhTv5Kkg8v