From Technical Verification to Strategic Advisory: GAT’s Role in Ras El Hekma’s Landmark Launch

From Technical Verification to Strategic Advisory: GAT’s Role in Ras El Hekma’s Landmark Launch

North Coast, Egypt – [Feb. 2024]

Global Appraisal Tech (GAT) — a leading professional services firm specializing in real estate advisory, valuation, technical consulting, and engineering support — announces its involvement in the early stages of the landmark Ras El Hekma development project on Egypt’s North Coast.

Ras El Hekma is a visionary urban development initiative led by Modon Holding, appointed as Master Developer by the Abu Dhabi Developmental Holding (ADQ) in a strategic partnership with the Government of Egypt. The project spans over 170 million square meters and is expected to become a major economic engine with cumulative investments projected to reach approximately USD 110 billion, create hundreds of thousands of jobs, and establish a smart, sustainable urban community. 

GAT served as a Limited Scope Owner Representative and Professional Advisor to Modon International 

In the initial phase of the Ras El Hekma deal, GAT served as a Limited Scope Owner Representative and Professional Advisor to Modon International during the land acquisition and CPs verification process. Over a period of about six months, GAT provided critical technical due diligence, verified key Condition Precedents (CPs), and supported the early documentation and technical validation required for the transaction. This advisory role positioned GAT as a trusted partner in advancing complex strategic development agreements between major institutional stakeholders.



GAT’s contribution included, but was not limited to:

• Technical due diligence and review of land acquisition documentation
• Verification of Contractual Condition Precedents (CPs)
• Advisory support on engineering and technical requirements
• Coordination with owner-level stakeholders and professional teams

This early involvement underscores GAT’s capabilities in real estate and infrastructure advisory, emphasizing its expertise in both technical and financial validation processes essential to large-scale transactions. GAT’s role demonstrates its capacity to operate at the intersection of planning, engineering, technical consulting, and valuation services, offering comprehensive support to developers, investors, and government partners.

Ras El Hekma’s development framework envisions a multi-phase integrated city featuring residential communities, hospitality, commercial zones, transportation infrastructure, and economic clusters. As a project of unprecedented scale and impact in the region, Ras El Hekma reflects collaborative efforts between international investment groups and national development strategies.

GAT continues to engage in broader advisory capacities related to the project and remains committed to supporting strategic developments that shape sustainable economic growth and urban investment in Egypt and the region.

About Global Appraisal Tech (GAT):

Global Appraisal Tech (GAT) is a leading valuation and advisory firm registered with the Royal Institution of Chartered Surveyors (RICS) and licensed by the Central Bank of Egypt and the Financial Regulatory Authority. GAT provides accurate, transparent, and internationally compliant valuation and advisory services across real estate, infrastructure, and strategic assets, supporting investment decisions and sustainable development initiatives.