{"id":101165,"date":"2026-10-16T06:59:19","date_gmt":"2026-10-16T06:59:19","guid":{"rendered":"https:\/\/www.wealthestat.com\/egy\/2026\/10\/16\/ras-el-hekma-progress-2026\/"},"modified":"2026-10-16T06:59:19","modified_gmt":"2026-10-16T06:59:19","slug":"ras-el-hekma-progress-2026","status":"publish","type":"post","link":"https:\/\/www.wealthestat.com\/egy\/2026\/10\/16\/ras-el-hekma-progress-2026\/","title":{"rendered":"Ras El Hekma Moves Forward: New Contracts and Luxury Brands in 2026"},"content":{"rendered":"<p><strong>Ras El Hekma<\/strong>, the mega-project on Egypt\u2019s North Coast developed with Abu Dhabi\u2019s Modon Holding, continued to advance through 2026.<\/p>\n<h2>Construction contracts<\/h2>\n<p>In January 2026, <strong>Orascom Construction<\/strong> was named primary contractor for a district of the first phase. In September 2026, Modon awarded a contract of about <strong>US$200 million<\/strong> to an Egyptian joint venture for <strong>Wadi Yemm<\/strong>, the first premium destination, which covers around 660 residential units, lakes and a mall over a 21-month programme.<\/p>\n<h2>Luxury hospitality<\/h2>\n<p>In May 2026, Modon announced a partnership with <strong>Montage Hotels &amp; Resorts<\/strong> to bring an ultra-luxury resort and residences to Ras El Hekma.<\/p>\n<h2>Government follow-up<\/h2>\n<p>Prime Minister Mostafa Madbouly reviewed the project\u2019s progress in July 2026, and officials said first-phase hospitality, commercial and entertainment facilities remained on track to open as planned.<\/p>\n<h2>Why it matters<\/h2>\n<p>Large, internationally backed projects bring roads, utilities and services that lift the whole coast \u2014 including nearby residential and resort communities. <em>Progress updates above come from Modon, government statements and the trade press.<\/em><\/p>\n<h3>Sources<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.agbi.com\/real-estate\/2026\/09\/modon-awards-200m-ras-el-hekma-contract-to-egyptian-jv\/\" target=\"_blank\" rel=\"noopener nofollow\">AGBI \u2014 Modon awards $200m Ras El Hekma contract to Egyptian JV (Sept 2026)<\/a><\/li>\n<li><a href=\"https:\/\/www.dailynewsegypt.com\/2026\/07\/07\/pm-madbouly-reviews-progress-of-ras-el-hekma-megaproject-with-modon-holding\/\" target=\"_blank\" rel=\"noopener nofollow\">Daily News Egypt \u2014 PM Madbouly reviews progress of Ras El Hekma (July 2026)<\/a><\/li>\n<li><a href=\"https:\/\/www.modon.com\/about-modon\/media-centre\/details\/2026\/05\/17\/modon-partners-with-montage-hotels-resorts-to-bring-ultra-luxury-hospitality-brand-to-egypts-ras-el-hekma\" target=\"_blank\" rel=\"noopener nofollow\">Modon \u2014 Partnership with Montage Hotels &amp; Resorts for Ras El Hekma (May 2026)<\/a><\/li>\n<li><a href=\"https:\/\/sis.gov.eg\/en\/media-center\/news\/egypt-uaes-modon-push-ras-el-hekma-project-forward\/\" target=\"_blank\" rel=\"noopener nofollow\">State Information Service \u2014 Egypt, UAE\u2019s Modon push Ras el Hekma project forward<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Modon has awarded construction contracts and signed luxury hospitality brands for Ras El Hekma, the mega-project on Egypt\u2019s North Coast.<\/p>\n","protected":false},"author":1,"featured_media":6539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[242],"tags":[],"class_list":["post-101165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-market"],"_links":{"self":[{"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/posts\/101165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/comments?post=101165"}],"version-history":[{"count":0,"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/posts\/101165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/media\/6539"}],"wp:attachment":[{"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/media?parent=101165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/categories?post=101165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wealthestat.com\/egy\/wp-json\/wp\/v2\/tags?post=101165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}