04:29 AM EDT, 07/16/2026 (MT Newswires) -- Abu Dhabi's Modon Holding (ADX:MODON) partnered with lifestyle and hospitality brand Nammos Hotels & Resorts to build a luxury destination in Egypt's North Coast. The investment and real estate development company said Nammos Ras El Hekma will feature residences, a luxury resort, a restaurant, a beach club, and a retail village. The destination will be part of the $35 billion Ras El Hekma master plan to develop Egypt's North Coast, according to a Thursday release.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.