Building a Future: The Strategic Partnership Between Modon Holding and Elsewedy Industrial Development

Crafting a Vision for the Future

In the heart of North Africa, a transformative project is taking shape. Abu Dhabi, UAE-based Modon Holding P.S.C. has partnered with Egypt's Elsewedy Industrial Development to create a pivotal industrial zone that will serve the burgeoning Ras El Hekma city megaproject in Egypt. This collaboration marks a significant milestone in the development of a sustainable and innovative industrial hub that promises to enhance Egypt's position as a leading trade and manufacturing powerhouse.

This ambitious undertaking is not merely about construction; it is about crafting a vision for the future. The industrial zone, sprawling over 10 million square meters, is strategically located south of the Alexandria-Matrouh Highway, directly opposite the Ras El Hekma site. This positioning ensures seamless connectivity to major roads, airports, and the high-speed rail network, enhancing and localizing supply chains as the development progresses.

A Strategic Partnership for Growth

The joint venture between Modon and Elsewedy Industrial Development is a testament to the power of strategic partnerships. Modon, an Abu Dhabi-based holding company, is leveraging its expertise and resources to collaborate with one of Egypt's leading developers of integrated industrial and logistics cities. This partnership not only reaffirms Modon's commitment to expanding its international presence but also underscores the importance of collaboration in driving the Ras El Hekma megaproject forward.

From the outset, Modon and Elsewedy have been actively securing anchor partners and industrial investors. Their strategy prioritizes leading Egyptian companies in key segments, aiming to drive industrial growth and create synergies with international investors. This approach ensures that the industrial zone will not only support the Ras El Hekma project but also contribute significantly to Egypt's GDP through year-round economic activity and job creation.

Building a Sustainable Industrial Base

One of the primary goals of the industrial zone is to establish a sustainable industrial base that extends beyond the construction phase. This vision aligns with Egypt's broader economic objectives, positioning the country as a leading trade and manufacturing hub. By diversifying into new sectors, the zone will support regional projects along Egypt's North Coast and expand into key export markets such as Libya and Europe.

The long-term vision for the industrial zone is ambitious yet attainable. Over the next decade, the zone is projected to generate more than 20,000 new jobs, reinforcing its role as a catalyst for economic growth. This strategic infrastructure will further strengthen Egypt's position in the global market, while simultaneously fostering innovation and supporting the local economy.

A Hub for Industrial Innovation

Ras El Hekma's industrial zone is poised to become a hub for industrial innovation, aligning with its vision to be a thriving, globally competitive city. The first wave of companies to sign Memorandums of Understanding with Modon Holding includes notable names such as Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete. These partnerships will ensure a steady supply of building construction and other materials, supporting the development of factories and industrial lines within the zone.

This focus on innovation extends beyond infrastructure. The zone is designed to attract strategic industries in building materials and construction, fostering a dynamic environment that supports job opportunities and value-added productive ventures. As a model for smart industrial cities, Ras El Hekma will showcase advanced, sustainable materials and practices that set new standards for future developments.

A Collaborative Vision for Ras El Hekma

The collaboration between Modon and Elsewedy is underpinned by a shared vision for Ras El Hekma. His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, emphasizes the significance of this partnership in realizing their vision. By joining forces with one of Egypt's leading industrial businesses, Modon demonstrates its commitment to working with both Egyptian and international companies to deliver this ambitious project.

Bill O'Regan, Group CEO of Modon Holding, highlights the strength of their international partnerships, noting that the agreement with Elsewedy Industrial Development will bring deep local expertise to the Ras El Hekma masterplan. Eng. Mohamed AlKammah, CEO of Elsewedy Industrial Development, expresses excitement about the project, viewing it as a strategic opportunity to expand efforts in developing integrated industrial communities.

Crafting a Legacy of Innovation and Growth

As the Ras El Hekma city megaproject unfolds, the industrial zone will play a pivotal role in shaping Egypt's economic landscape. The collaboration between Modon Holding and Elsewedy Industrial Development is more than a business venture; it is a commitment to innovation, sustainability, and growth. By establishing a robust industrial base and fostering strategic partnerships, the zone will serve as a catalyst for economic development, creating a legacy that extends far beyond its borders.

This project exemplifies the power of collaboration in building a future that is not only economically vibrant but also sustainable and inclusive. Ras El Hekma will stand as a testament to what can be achieved when visionaries come together to craft a legacy of innovation and growth.