DUBAI, Feb 23 (Reuters) - Egypt signed on Friday an investment partnership agreement with the United Arab Emirates to develop the Ras al-Hikma peninsula west of Alexandria, in one of the biggest deals of its kind.

The project will earn $150 billion, Egypt's Prime Minister Mostafa Madbouly said. (Reporting by Patrick Werr, Writing by Nayera Abdallah, Editing by Michael Georgy)