Understanding "Cities" and"Swedish Industrial Development" To develop an industrial zone within a project "The head of wisdom"

Abu Dhabi, March 27/ WAM/ The “Cities Holding” group, which is based in Abu Dhabi, announced the signing of a memorandum of understanding with the Egyptian “Al -Suwaidi Industrial Development” company, with the aim of developing and operating a new industrial zone dedicated to serving the “Ras Al -Hikma” project, which is being developed in the northern coast of the Arab Republic of Egypt.

The new industrial zone is located on an area of ​​10 million square meters, south of the Alexandria-Matrouh Highway, opposite the “Ras Al-Hikma” project, and the industrial zone will focus in the first stage to attract the building materials industries necessary to develop the “Ras Al-Hikma” project, to be a major supporter of construction and construction work, in a manner that guarantees the progress of business according to the specified time plans, with the highest levels of efficiency in cost management, and by using advanced and sustainable materials.

The industrial zone is also characterized by its vital location, which is easy to reach to the most important roads, main airports and rapid train networks, which contributes to strengthening local supply chains and thus supporting the project implementation with high efficiency.

This partnership comes in cooperation with the “Al Suwaidi Industrial Development Company”, which is one of the leading companies in Egypt and the region in establishing and developing integrated industrial societies, accompanied by integrated facilities, equipped with advanced structure, logistical services, and sustainable operational solutions, as a new step within a series of strategic partnerships held with the aim of enhancing the pace of development work in the project; At the same time, it reflects the depth of the commitment of “cities” in cooperation with Egyptian companies to implement the main plan for the “Ras Al -Hikma” project.

Both “cities” and “Al -Suwaidi” are working in the current stage to attract industrial investors and the main partners, while giving priority to the leading Egyptian companies in the strategic sectors qualified to enhance the growth of the industrial sector, and this also includes coordination with international investors, with the aim of establishing an integrated industrial system that contributes to achieving the development goals of the project and enhances its investment attractiveness.

The first list of companies that signed memoranda of understanding includes a process with “cities” to supply building materials and other materials for the project, in addition to studying opportunities to create factories or industrial lines in the new industrial zone, and contribute to the development of the “Ras Al -Hikma” project both: “Al -Suwaidi Electric”, the Egyptian company specialized in the field of electrical products, energy and water solutions … and “Three S for Ready Made”, affiliated to the “Hassan Group Allam “, which is one of the largest ready -made concrete providers in Egypt … and” Ras Al Khaimah Ceramics “, one of the largest brands in the world’s ceramic sector, which was launched from the United Arab Emirates … and” Hatetek for the Troted “of the” Tarjen Group for Construction “, the pioneering provider of concrete products in the United Arab Emirates.

The long -term vision of the industrial zone is not limited to meeting the requirements of the construction phase of the “Ras Al -Hikma” project, but rather to establish a sustainable industrial base that supports economic activities throughout the year, provides qualitative job opportunities, and contributes to enhancing the gross domestic product of the Arab Republic of Egypt.

This strategic infrastructure will also consolidate Egypt’s position as a pioneering regional center in the fields of trade and industry, while the new industrial zone represents a vital tributary to support development projects along the northern coast, and is based on the expansion of major export markets such as Libya and Europe.

This step will contribute to the consolidation of the “Ras Al -Hikma” site as an industrial innovation center, in line with its vision to be a vital global city with the strongest competitiveness standards in various fields.

It is expected that the industrial zone will contribute to providing more than 20 thousand new job opportunities during the next ten years, making it one of the main pillars to advance economic development in the region.

“Our partnership with the Swedish Industrial Development is a pivotal step towards achieving our vision of the” Ras Al -Hikma ‘project “, by working with one of the most important industrial companies in Egypt, we confirm our serious and continuous commitment in cooperation with Egyptian and international companies in implementing this ambitious project that we trust will make a qualitative shift. In the sector.

“This cooperation contributes to enriching our extensive network of international partnerships,” said Bill Organ, CEO of the Cities Holding Group. We are confident that the agreement signed with the ‘Swedish Industrial Development’ will bear fruit on supporting and providing the ‘Ras Al -Hikma’ project with local expertise qualified to implement it in a manner that ensures the development of an exceptional destination by all accounts, exceeding expectations, and adds a concrete value to local societies.

For his part, Eng. Mohamed Al -Qamah, CEO of Al Suwaidi Industrial Development Company, said: “We are excited to work on this strategic project, which represents an important step towards expanding the scope of our business in developing integrated industrial societies.

The Ras Al -Hikma industrial area will be a model for smart industrial cities, not only in terms of infrastructure, but also in terms of their ability to attract strategic industries for building and construction materials and support the local economy through job opportunities and productively added productive projects. “

The “Ras Al -Hikma” project covers an area of ​​170.8 million square meters, and at its completion, it will be an integrated and sustainable integrated destination, which accommodates approximately two million people.

“ADQ” had appointed “cities” in 2024 a major developer for this project, which is a basic pillar within the strategy of “cities” aimed at expanding their business at the international level, and strengthening its lands from land under development outside the UAE.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter