Contractors win construction packages for Egypt’s Ras El-Hekma

17 August 2026
The contract was awarded by Ras El-Hekma’s master developer, Modon Holding, to a joint venture of Egypt’s Rowad Modern Engineering and Lebanon’s Consolidated Contractors Company

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Egypt’s Rowad Modern Engineering has announced that it has won new contracts to undertake construction works on two packages at the Ras El-Hekma master development on Egypt’s Mediterranean coast.

Ras El-Hekma’s master developer, Modon Holding, awarded the contracts.

The first contract covers construction works for Area 2 of the Wadi Yemm basement. The scope includes constructing multilevel basement structures that will support upcoming developments at the site.

Rowad Modern Engineering is delivering the project in a joint venture with Lebanon’s Consolidated Contractors Company (CCC).

The second contract covers substation works, to be delivered in a joint venture with local contractor Elsewedy Electric.

Wadi Yemm is the first of the 17 planned precincts to move into active delivery. It is a mixed-use cultural and hospitality district, anchored by the Ras El-Hekma Lighthouse and a 10,000-seat amphitheatre, designed to host cultural and entertainment programmes.

Ras El-Hekma is located on a spur of land on Egypt’s northern Mediterranean coastline, about 240 kilometres west of Alexandria.

Abu Dhabi-based holding company ADQ appointed Modon Holding as the master developer for the Ras El-Hekma project in 2024. Modon will oversee the overall development, which covers more than 170 million square metres (sq m).

Modon will develop the first phase of the project, covering 50 million sq m. The remaining 120 million sq m will be developed in partnership with private developers under the supervision of the recently established ADQ subsidiary Ras El-Hekma Urban Development Project Company and Modon.

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