Ras El Hekma

Ras El Hekma is a Bedouin village on the Mediterranean coast of Egypt, on a cape in the Western Desert about 70 kilometres east of Mersa Matruh and 200 kilometres west of Alexandria. The area is known for its agriculture and accounts for 17 percent of Egypt's olive output and 26 percent of its fig production. In 2024 Egypt's New Urban Communities Authority signed an agreement with the Abu Dhabi Developmental Holding Company, a sovereign wealth fund of the United Arab Emirates, for a development project in the area worth 35 billion US dollars. The agreement grants development rights over about 130 million square metres of land and is described as the largest foreign direct investment in Egypt's history.