Modon Holding PSC is an Abu Dhabi-based real estate development, investment, and operating platform, and the official master developer of Ras El Hekma on Egypt’s North Coast. This profile refers to the UAE-based Modon Holding, listed on the Abu Dhabi Securities Exchange under the ticker MODON, and should not be confused with the Egyptian Modon Developments company.
According to ADQ’s official announcement, Modon Holding was appointed as master developer for the Ras El Hekma megaproject, which spans around 170 million sqm. Modon is responsible for developing the first phase of 50 million sqm, while the remaining master-planned area is expected to be developed with prominent developers from Egypt, the UAE, and international markets. Ras El Hekma is designed as a smart, sustainable, inclusive coastal city operating year-round.
Modon Holding History and Formation
The current Modon Holding platform was formed in 2024 after the integration of Q Holding, Modon Properties, ADNEC Group, and related assets. Official company disclosures state that Q Holding was rebranded as Modon Holding through an annual general meeting vote on 18 March 2024. For this reason, 2024 is used as the formation year for the current Modon Holding platform.
Modon is led by a prominent Abu Dhabi leadership team, including H.E. Jassem Mohamed Bu Ataba Al Zaabi, Chairman, and Bill O’Regan, Group Chief Executive Officer since January 2024. The company positions itself as a developer, operator, and investor focused on connected urban living, hospitality, leisure, sports, and long-term asset value in the UAE and international markets.
Ras El Hekma and Modon’s Role
Ras El Hekma is Modon’s landmark international expansion outside the UAE. The project is located on Egypt’s North Coast, around 350 km northwest of Cairo, with approximately 44 km of Mediterranean coastline. Its master plan brings together housing, hospitality, business districts, retail, leisure, marinas, green spines, modern infrastructure, and a special free zone.
- Ras El Hekma — a fully integrated Mediterranean city spanning around 170 million sqm, designed around 17 distinctive precincts according to Modon’s official project page.
- First phase — Modon Holding is responsible for developing the first 50 million sqm as part of its master developer role.
- Wadi Yemm — the first launch within Ras El Hekma, introducing a Mediterranean-inspired neighbourhood with pedestrian boulevards, green spaces, water features, and premium residential products.
- Future infrastructure — the master plan includes an international airport, high-speed rail connectivity, an international marina, hospitality destinations, and business services.
Modon Holding in Numbers
| Current platform formation | 2024 |
| Headquarters | Abu Dhabi, United Arab Emirates |
| ADX ticker | MODON |
| Ras El Hekma area | Around 170 million sqm |
| First phase area | 50 million sqm |
| Expected investment value | Up to USD 110 billion by 2045 according to ADQ |
| Wadi Yemm sales | AED 5.8 billion across 2,109 units sold in 2025 according to Modon results |
| Delivered units | No verified public total is available for delivered units |
Vision and Development Focus
Modon Holding focuses on developing intelligent, connected destinations that combine living, leisure, business, hospitality, sports, and asset management. Its official vision emphasizes urban innovation and long-term sustainable value across the markets where it operates.
In Ras El Hekma, this vision is translated into a full coastal city rather than a conventional resort. The project combines residential areas, hotels and resorts, business facilities, commercial and entertainment zones, marinas, schools, wellness centers, golf courses, and infrastructure that connects the city by road, sea, rail, and air.
Recent Modon and Ras El Hekma Updates
In October 2024, ADQ appointed Modon Holding as master developer for Ras El Hekma in the presence of the UAE President and the Egyptian President. ADQ stated that the project is expected to become a major economic engine, with cumulative investments anticipated to reach USD 110 billion by 2045, an annual GDP contribution of around USD 25 billion, and approximately 750,000 direct and indirect jobs upon completion.
In February 2026, Modon reported its full-year 2025 results and highlighted continued progress at Ras El Hekma. The company stated that the initial launch at Wadi Yemm generated AED 5.8 billion in sales across 2,109 units, placing Egypt alongside Abu Dhabi and Spain as part of Modon’s growing international real estate platform.
FAQ About Modon Holding Ras El Hekma
What is the official name of the UAE Modon company?
The official name is Modon Holding PSC, an Abu Dhabi-based company listed on the Abu Dhabi Securities Exchange under the ticker MODON.
What is Modon’s role in Ras El Hekma?
Modon Holding is the master developer of Ras El Hekma and is responsible for developing the first 50 million sqm within the overall 170 million sqm project.
Is UAE Modon the same as Egyptian Modon Developments?
No. This profile covers UAE-based Modon Holding, the master developer of Ras El Hekma, not the Egyptian Modon Developments company.
What was the first launch in Ras El Hekma?
Wadi Yemm is presented by Modon as the first launch within the 17 distinctive precincts of Ras El Hekma.
How many units has Modon delivered in Egypt?
No verified delivered-unit total is publicly available in Egypt. Public figures currently refer to sales, such as 2,109 units sold in Wadi Yemm during 2025.