Why UAE Is Building A $35 BILLION New Mega City In Egypt
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- Опубликовано: 14 июл 2024
- Why UAE Is Building A $35 BILLION New Mega City In Egypt - Ras El Hekma
Egypt is in trouble, as it faces significant economic challenges with its currency experiencing a sharp decline. international investors are showing signs of hesitation, particularly in light of the $58 billion investment in the new administrative capital of egypt, which has yet to yield promising results. But, there is newfound hope for Egypt as the UAE steps in to make a change. In a ground-breaking move, Cairo recently inked a deal with Abu Dhabi to build a new city along the country's Northwestern Shore, and it is the largest foreign direct investment in Egypt’s history. Today let’s explore the upcoming new city set to transform Egypt.
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0:00 A new hope for Egypt
1:41 Egypt’s Financial Crisis
3:05 The Deal To Build A New City
4:54 Features of Ras El-Hekma City
6:37 Controversies and Complications
8:57 UAE’s Grand Strategy
12:05 Potential of Egypt's New City
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Major Cities are the economic engines of the global economy so I’m definitely rooting for this project to succeed
The Project is on Egyptian land, still. Sovereignty is not lost. Egyptian law applies, security is done by Egyptian personnel. The ins and outs are monitored like any other Egyptian land.
Nah, the UAE has neocolonial control over Egypt.
@@woozyz2769 you know too much 😂
@@woozyz2769 Nope it doesn't, Egypt & UAE are allies
@@NadidLinchestein Looks like somebody doesn't understand geopolitics
*Egypt must unite the Arab World!!*
Its impossible coz some support Israel with who Egypt not so friendly
They don't want, they want just to be stable. Sisi dosent want to be a second jamal abd al-naser
Great video
Nice Informative video Thank you
Imagine UAE's vision, marketing, and bling coupled with Egypt's ability to construct mega projects, awesome weather and beaches all year round, as well as Egyptian charm. Would be amazing to see this Arab Mediterranean Riviera come to life as a collaboration of two arab nations.
Excellent projects.
Great 🎉
نحن نحتاج مثل هذه المشاريع العملاقه بما يعود بالنفع علي مصر والإمارات ونحن كمصريين ممتنين لكل استثمار يدخل مصر خاصة الإستثمار العربي وتحيه لهذه الخطوه الشجاعه من الإمارات
تحيا مصر 🇪🇬
الأرض ملك لدولة الإمارات و قوانينها تتبع قوانين الإمارات و ستفرض الفيزا على المصريين مثلما تفرض عليهم في الإمارات.
@@bazooka875 ده كلام أمك يا اسرائيلى
@@bazooka875What kind of stupidity is this?
@@bazooka875 😂😂
Impressive. They seem to like being low to the water table though.
good project finally north africa move
Nice video! I did a similar video on Ras el Hekma the potential is huge, who else agrees? Let's start a debate :)
cool
To stimulate economic growth and accelerate development, a strategic approach would be to designate a specific region as a free market zone with significantly reduced taxes. This zone would be attractive to foreign investors due to its favorable economic conditions. The initiative would include the stipulation that foreign investors hire Egyptian workers and employees, ensuring that the economic benefits stay within the country.
By creating this free market zone, Egypt could leverage foreign capital and expertise while generating employment opportunities for its citizens. The income earned by local employees would remain in the domestic economy, fostering further economic activity and contributing to the nation's overall development. This approach not only enhances the speed of development but also ensures a sustainable and inclusive economic growth model.
In addition, establishing a strategically located seaport within this free market zone could significantly enhance logistical capabilities. This seaport would serve as a critical hub for transporting goods overland to other ports, facilitating an alternative route to Europe. This initiative would alleviate congestion in the Suez Canal, optimize the flow of trade, and increase profitability through diversified logistics channels.
The development of this seaport would not only streamline trade operations but also create a multitude of job opportunities, further stimulating the local economy. By integrating advanced infrastructure and efficient transport networks, Egypt can position itself as a pivotal player in global trade, attracting more foreign investment and driving sustained economic growth.
For me first thing first create a strong purchasing power for Egypt’s citizens and everything will follow, for now it’s not impressive or promising on my own thoughts.
Ppl recieved the compensation, but some refused sure from it.
before thinking megacity, they should think abt how "mega" the people will live in there
the whole emirati population is about a million , so most of the army is not emirati , they are multi national
They are not multi national, coz other nation cant get their nationality, the same as in Egypt, not so easy to get nationality
why currency declined?
Many Newly Developing Countries understand how Productive Debt is Very Beneficial for sustainable Long Term Growth…
The project will be completed soon.
But how do they keep out the multitude of poor Egyptians that would gravitate to this expensive city? The UAE won't want their new luxury mega city to turn into another Cairo. This could get messy, the poor don't just disappear because you don't want to see them.
It's not in Egypt, it's in UAE owned land. Egypt sold it to the UAE.
It not in egypt r u nuts that first
Second it an investment
And it is not owned by emirates
So stop saying crazy nonsense
It is not "sold", it is a long term unsfruct law agreement
Don't be idiot
Not for the average citizens..
Do you have any references for UAE’s intentions to have a naval base in Egypt? If you know anything about Egypt, you would know that it’s impossible that Egypt allows any existence of foreign military bases. Egypt had refused to have US and Russian military bases residing there moreover Egypt army has a very long history of defeating invadors from the whole middleeast area which leaves a historical responsibility for Egypt to protect other Arab nations. So, if the Emirati would need a protection against Iran or any potential enemy, they would seek this protection from US and Egypt. The same for Saudi arabia, they would seek it from US, Egypt and Pakistan. During, the gulf war between Iraq and Kuwait. Kuwait sought protection from US and Egypt, and the Egypt’s Tanks saved them. Don’t copy from other youtube videos or spread rumors without having evidences!
I thought its gonna be in the UAE :(
lol, this city will be under the Egyptian government mean Egyptian laws, courts, police, eduction, etc. so, how that’s a threat for egypt sovereignty ?
Easy, Egypt can take land back any time coz its in rent not sold. What they build its doesnt metter, judt Emirates soon will be all underwater they swimming already each week
Really wanna bless/cheer the prosperity of this new Rasel Hagma city...But from nowadays situation and recent experience...like many cities of China and Malaysia..
Xiong An and the Forest City.. "Rasel Hegma" will be just another Ghost town,..sorry.!!
اول مرة اشوف حد اجنبي بيتكلم عن مصر 🇪🇬
35 مليار هو مقدمة التعاقد ولكن المدينه كما اعلنت الشركه قد تصل استثماراتها خلال ال5 سنوات القادمه الى 500 مليار دولار
Great 👍 Another failed project
Why
None project in Egypt still not failed, New Alamein soon finish to be build the same as a New Cairo soon finish to be build and more 13 cities already finished.
Cry 😂😂
You are failure to your perents negetive person
Average American