Modon and Elsewedy collaborate to launch industrial zone in Egypt

Modon Holding (Modon), an Abu Dhabi-based holding company, and Egypt’s Elsewedy Industrial Development have signed a letter of intent (LOI) to build and operate a new industrial zone servicing the Ras El Hekma city megaproject in Egypt.

- 

The 10 million sqm new industrial zone, located south of the Alexandria Matrouh Highway and separate to the Ras El Hekma are being developed by Modon, will initially focus on attracting investors and manufacturers for building materials for the wider project - ensuring timely, cost-effective construction while introducing advanced, sustainable materials.

With strong connectivity to major roads, airports, and the high-speed rail network, the zone will enhance and localise supply chains as the development progresses.

The joint venture between Modon and Elsewedy Industrial Development - one of Egypt’s leading integrated industrial and logistics cities developers - is the latest in a series of partnerships established to drive the megaproject forward and reaffirms Modon’s commitment to collaborate with Egyptian companies in delivering Ras El Hekma.

Modon and Elsewedy are now actively securing anchor partners and industrial investors, prioritising leading Egyptian companies in key segments to drive industrial growth and create synergies with international investors.