Key Information About Modon Developments
Modon Developments entered the Egyptian market through a route different from that of most developers, as it leads the Ras El Hekma master plan across approximately 170.8 million square metres, with a first phase covering around 50 million square metres. This scale places the company in charge of developing an entire city rather than a single project, which explains the considerable attention surrounding its name since its emergence on Egypt's North Coast.
Modon Developments supports its position with clear financial indicators. During 2025, the group recorded revenues exceeding AED 13.8 billion, net profit of more than AED 3.9 billion, and property sales of AED 36.3 billion. The Ras El Hekma master plan also extends across 17 interconnected districts and approximately 44 kilometres of coastline, figures that indicate a broad and long-term development scope.
Modon Developments approaches development as more than the construction of property units, connecting residential communities with hospitality, business, urban infrastructure, and leisure experiences. This approach gives the company a different competitive position, particularly within Ras El Hekma, because the project requires long-term management and coordination between multiple districts rather than launching one residential phase, selling its units, and immediately moving to another location.
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About Modon Developments
Modon Developments, in its current corporate structure, was formed in February 2024 after a period when the company was known as Q Holding. Its headquarters are in Abu Dhabi, while Jassem Mohamed Bu Ataba Al Zaabi serves as Chairman and Bill O'Regan serves as Group Chief Executive Officer. Although the current structure is relatively recent, the scale of the business expanded rapidly within a limited period.
History and Journey of Modon Developments
Modon Developments entered a new phase following the formation of the group in 2024, before expanding its presence through major projects in the UAE and internationally. In October 2025, Al Emad Holding, wholly owned by the Government of Abu Dhabi, became the owner of approximately 84.76% of Modon Holding's shares. This step placed the company within an ownership structure that gives it strong institutional backing during its expansion plans.
Vision and Mission of Modon Developments
Modon Developments bases its vision on urban innovation and the creation of smart, connected communities, supported by strategic investment, collaboration, and modern technologies. Its philosophy focuses on developing destinations capable of retaining long-term value rather than concentrating solely on property sales. This direction aligns with the nature of Ras El Hekma as a planned city designed for year-round living, working, hospitality, and leisure.
- The company was appointed master developer of the Ras El Hekma plan, extending across approximately 170 million square metres, while assuming direct responsibility for developing the first phase of nearly 50 million square metres. This mandate places it in charge of an urban scope beyond a conventional coastal project and requires coordination between infrastructure, residential, hospitality, and service components.
- Wadi Yemm, the first of 17 planned districts within Ras El Hekma, moved into the development and execution stage. This milestone takes the wider master plan from a long-term concept into measurable phases whose progress and expansion across the new city can be followed over the coming years.
- The company launched hospitality partnerships within Wadi Yemm, including Montage, which comprises 96 branded residential villas alongside a resort containing 200 rooms and suites. This reflects the company's direction towards attracting international hospitality brands and connecting them with residential components inside the coastal destination.
- The portfolio within Wadi Yemm expanded with the addition of Nammos Resort Ras El Hekma, which includes 72 branded residences alongside hospitality, leisure, and dining components. No verified award for the company appears in the available data, so unconfirmed awards should not be added to its profile.
Projects by Modon Developments
Modon Developments currently concentrates its Egyptian portfolio within Ras El Hekma, although the names associated with the company sit at different levels within the development structure. Ras El Hekma is the main master plan, Wadi Yemm is its first district, while Montage and Nammos are residential and hospitality destinations located within Wadi Yemm, a structure that helps clarify the portfolio accurately.
- Modon Ras El Hekma.
- Wadi Yemm Ras El Hekma.
- Montage Ras El Hekma.
- Nammos Ras El Hekma.
