Egypt Signs $35 Billion Deal with UAE for Massive Ras el-Hekma Development Project
- Egypt and UAE signed $35 billion deal for UAE to develop Egyptian town of Ras el-Hekma
- Largest foreign investment in Egypt's history for an urban development project
- UAE to provide $15 billion upfront, $20 billion within 2 months
- Hailed by Egyptian business leader as creating jobs and stabilizing exchange rate
- Egypt opposition wants local investors to develop Ras el-Hekma instead
