Former official highlights Ras El Hekma project's role as a game-changer in Egypt's development landscape.
The aim of inaugurating a free zone in the city of Ras El Hekma is to set up a global financial center and attract foreign investments, the sources added.
These measures were implemented to adjust the official exchange rate, address backlogs in foreign exchange transactions, and eliminate the parallel foreign market
This came during a meeting between Prime Minister Mostafa Madbouly, UAE Minister of Investment, Mohammed Al Suwaidi within the framework of the recent signed real estate investment deal to develop the city of Ras El Hekma, in partnership between Egypt and the UAE
This brings its total share in the Egyptian snack and coffee company to 70% according to an Abu Dhabi Securities Exchange (ADX) disclosure
