Why UAE Is Building A $35 BILLION New Mega City In Egypt

Why UAE Is Building A $35 BILLION New Mega City In Egypt - Ras El Hekma

Egypt is in trouble, as it faces significant economic challenges with its currency experiencing a sharp decline. international investors are showing signs of hesitation, particularly in light of the $58 billion investment in the new administrative capital of egypt, which has yet to yield promising results. But, there is newfound hope for Egypt as the UAE steps in to make a change. In a ground-breaking move, Cairo recently inked a deal with Abu Dhabi to build a new city along the country's Northwestern Shore, and it is the largest foreign direct investment in Egypt’s history. Today let’s explore the upcoming new city set to transform Egypt.

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0:00 A new hope for Egypt
1:41 Egypt’s Financial Crisis
3:05 The Deal To Build A New City
4:54 Features of Ras El-Hekma City
6:37 Controversies and Complications
8:57 UAE’s Grand Strategy
12:05 Potential of Egypt's New City

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[ladariussanders]

Major Cities are the economic engines of the global economy so I’m definitely rooting for this project to succeed

[mamdouh-Tawadros]

The Project is on Egyptian land, still. Sovereignty is not lost. Egyptian law applies, security is done by Egyptian personnel. The ins and outs are monitored like any other Egyptian land.

[sherifamin]

Imagine UAE's vision, marketing, and bling coupled with Egypt's ability to construct mega projects, awesome weather and beaches all year round, as well as Egyptian charm. Would be amazing to see this Arab Mediterranean Riviera come to life as a collaboration of two arab nations.

[TarekAwadalla]

نحن نحتاج مثل هذه المشاريع العملاقه بما يعود بالنفع علي مصر والإمارات ونحن كمصريين ممتنين لكل استثمار يدخل مصر خاصة الإستثمار العربي وتحيه لهذه الخطوه الشجاعه من الإمارات

[farexynex]

To stimulate economic growth and accelerate development, a strategic approach would be to designate a specific region as a free market zone with significantly reduced taxes. This zone would be attractive to foreign investors due to its favorable economic conditions. The initiative would include the stipulation that foreign investors hire Egyptian workers and employees, ensuring that the economic benefits stay within the country.

By creating this free market zone, Egypt could leverage foreign capital and expertise while generating employment opportunities for its citizens. The income earned by local employees would remain in the domestic economy, fostering further economic activity and contributing to the nation's overall development. This approach not only enhances the speed of development but also ensures a sustainable and inclusive economic growth model.

[xinalungu]

Am really amazed with such developement

[theprimest]

Nice video! I did a similar video on Ras el Hekma the potential is huge, who else agrees? Let's start a debate :)

[Hs]

Many Newly Developing Countries understand how Productive Debt is Very Beneficial for sustainable Long Term Growth…

[azfarrrrr]

before thinking megacity, they should think abt how "mega" the people will live in there

[willhall]

Impressive. They seem to like being low to the water table though.

[NinoPurple]

good project finally north africa move

[CoolMAN]

Ppl recieved the compensation, but some refused sure from it.

[heavenscreed]

Do you have any references for UAE’s intentions to have a naval base in Egypt? If you know anything about Egypt, you would know that it’s impossible that Egypt allows any existence of foreign military bases. Egypt had refused to have US and Russian military bases residing there moreover Egypt army has a very long history of defeating invadors from the whole middleeast area which leaves a historical responsibility for Egypt to protect other Arab nations. So, if the Emirati would need a protection against Iran or any potential enemy, they would seek this protection from US and Egypt. The same for Saudi arabia, they would seek it from US, Egypt and Pakistan. During, the gulf war between Iraq and Kuwait. Kuwait sought protection from US and Egypt, and the Egypt’s Tanks saved them. Don’t copy from other youtube videos or spread rumors without having evidences!

[ahmedalmabrook]

the whole emirati population is about a million, so most of the army is not emirati, they are multi national

[Bundy]

But how do they keep out the multitude of poor Egyptians that would gravitate to this expensive city? The UAE won't want their new luxury mega city to turn into another Cairo. This could get messy, the poor don't just disappear because you don't want to see them.

[araab]

lol, this city will be under the Egyptian government mean Egyptian laws, courts, police, eduction, etc. so, how that’s a threat for egypt sovereignty ?

[mohamedwaheed]

اول مرة اشوف حد اجنبي بيتكلم عن مصر 🇪🇬

[apocalypticachmodio]

It's not in Egypt, it's in UAE owned land. Egypt sold it to the UAE.

[natsumidesu]

For me first thing first create a strong purchasing power for Egypt’s citizens and everything will follow, for now it’s not impressive or promising on my own thoughts.

[Pajtim]

They say 170km2 land
I dont think uae will invest 35 bilion dollar only 170km2
That requires 500-1000km2 because will have airport