📋 Tender Overview
Scope of Work:
Development of Ras El-Hekma International Airport.
Description:
The land plots in Matrouh, a governorate in the north-west of Egypt, were handed over to the country’s civil aviation ministry. The airport development is part of the agreement signed between Egypt and ADQ in February to invest $35 billion in building the largest new city in the country to promote tourism and drive economic growth. The new airport will support travel to and from the new metropolis, situated in Egypt’s coastal region, nearly 350 km northwest of Cairo. The development, spanning over 170 million sq m, will be a tourism destination, financial centre and free zone.
The Egyptian government will retain a 35 percent stake in the Ras El-Hekma development. ADQ intends to use Egyptian and international partners as part of its development and investment plans. Work is expected to commence in early 2025. The new development is expected to attract over $150 billion in investments in Egypt.
