Cairo: Housing Minister Randa El Menshawy reviewed with Managing Director of UAE's Modon Holding Abdulla Al Sahi the progress realized so far in the Ras el Hekma development project. El Menshawy emphasized the significance of this initiative as a model of Egyptian-UAE development and investment cooperation, reflecting the strong relationship between the two countries.
According to State Information Service Egypt, El Menshawy highlighted the ministry's commitment to providing the necessary support and coordination to foster a favorable investment environment. This support is aimed at accelerating progress on the project and leveraging the strategic location of Ras el Hekma. The meeting focused on reviewing implementation rates, current developments, and executing plans for the next phase, with a priority on maintaining the project's timeline.
During the discussions, El Menshawy underscored the importance of continuous monitoring and close coordination between government agencies and Modon. This collaboration is deemed essential to address potential challenges that might hinder the project's implementation.
Modon representatives provided updates on the ongoing work, assuring that construction is proceeding according to the set plans and timelines. They also highlighted their ongoing coordination with Egyptian authorities to expedite the project's execution. El Menshawy called for sustained collaboration with Modon and prompt action on any construction and infrastructure issues to ensure that the project progresses as planned.