Modon And Elsewedy Industrial Development Collaborate To Establish New Industrial Zone In Ras El Hekma, Egypt

Modon Holding P.S.C (Modon), based in Abu Dhabi, has partnered with Egypt's Elsewedy Industrial Development to establish a new industrial zone. This zone will support the Ras El Hekma city megaproject in Egypt. Located south of the Alexandria-Matrouh Highway, it aims to attract investors and manufacturers for building materials, ensuring efficient and sustainable construction.

The industrial zone will cover 10 million square metres and is strategically positioned to enhance connectivity. It will link major roads, airports, and a high-speed rail network, facilitating localised supply chains as development progresses. This initiative is part of Modon's strategy to collaborate with Egyptian companies for the Ras El Hekma project.

The collaboration between Modon and Elsewedy Industrial Development represents a significant step forward. Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated: "Our collaboration with Elsewedy Industrial Development marks a significant step in realising our vision for Ras El Hekma." This partnership underscores Modon's commitment to working with both Egyptian and international firms.

Elsewedy Industrial Development's CEO, Eng. Mohamed AlKammah, expressed enthusiasm about the project: "We are excited to be working on this strategic project." The industrial zone aims to become a model for smart industrial cities by attracting strategic industries in building materials and construction while boosting the local economy through job creation.

The joint venture prioritises securing anchor partners and industrial investors from leading Egyptian companies. This approach aims to drive industrial growth and create synergies with international investors. The first wave of companies signing Memorandums of Understanding includes Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete.

Ras El Hekma is envisioned as a fully functional urban community spanning 170.8 million square metres. It will accommodate up to two million residents upon completion. Appointed by ADQ as master developer in 2024, Modon aims to significantly expand its land under development outside the UAE through this project.

Long-term Vision for Economic Growth

The long-term goal for the industrial zone extends beyond construction. It seeks to establish a sustainable industrial base that drives year-round economic activity and job creation. Over the next decade, more than 20,000 new jobs are expected to be generated, reinforcing its role as an economic growth catalyst.

This strategic infrastructure will strengthen Egypt's position as a trade and manufacturing hub. By diversifying into new sectors, it will support regional projects along Egypt’s North Coast while expanding into key export markets such as Libya and Europe.

Bill O'Regan, Group CEO of Modon Holding, commented on the partnership: "This new collaboration consolidates our already robust network of international partnerships." The agreement with Elsewedy Industrial Development brings local expertise crucial for delivering the Ras El Hekma masterplan.

The expansion positions Ras El Hekma as a hub for industrial innovation. It aligns with its vision of becoming a globally competitive city by supporting regional projects along Egypt’s North Coast while expanding into key export markets such as Libya and Europe.

With inputs from WAM