On Wednesday, the Egyptian Council of Ministers, led by Dr. Mostafa Madbouly, approved the establishment of two private and investment-free zones in the Ras El Hekma area on the northern coast of Matrouh Governorate. The free zones are set to be established under the name “Ras El Hekma Urban Development Project Company.” Additionally, the Egyptian Cabinet also approved the Ras El Hekma Urban Development Project Company to establish a specialized international tourist port in the new city of Ras El Hekma.
The Council of Ministers announced after the meeting that these developments are part of the development plan for the promising region of Ras El Hekma. During the meeting, decisions were made to approve a draft Cabinet decision granting the Ras Al-Hekma Urban Development Project Company LLC a single approval for both investment zone and private free zone projects. The Council also authorized
