Egypt has greenlit the creation of a designated free zone and international touristic port in the Ras al-Hikma peninsula, located to the west of Alexandria, according to a statement released by the cabinet on Wednesday.
The decision follows Egypt’s signing of a significant $35 billion investment partnership agreement with the United Arab Emirates back in February. This landmark deal marks one of the largest of its kind, aimed at fostering the development of the Ras al-Hikma peninsula.
Melissa Enoch
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