Ras al-Hekma will generate US$50 billion annually, Egyptian MP ...Egypt

Member of Parliament and Rapporteur of the Investment Priorities Committee of the National Dialogue, Ayman Mehasab, announced that the Ras al-Hekma project will make huge a difference towards Egypt’s economy, as this deal is the largest in the history of direct investment in Egypt. During a telephone interview with Azhari Channel, Mehasab said that Ras al-Hekma is one of the most important investment projects that Egypt has ever witnessed. It will generate US$50 billion annually over three years in the Egyptian market and economy, he said, serving the state’s general budget and the Central Bank of Egypt’s reserves. Mehasab stressed that this project is being implemented in partnership with t

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