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Modon Properties, listed on the Abu Dhabi Securities Exchange, is officially the main developer of the Ras El Hikma project on Egypt’s North Coast, the Abu Dhabi government's holding company, ADQ, announced on 4 October. Modon highlighted its commitment to taking on the developer's role in the initial phase of a sprawling project covering 50 million square meters, which will prioritize tourism infrastructure. The remaining 120 million square meters will be developed in collaboration with leading developers from Egypt, the…
