Maxim Real Estate Investment signed, last week, agreements with construction and consultation companies that will contribute to finalising its “Bo Islands” project on the North Coast.
Maxim’s new partners in the project are: Al-Shorouk Company for General Contracting and Supplies for the Public Sector; Red Sea International for Contracting; Experts contracting company; EHAF Consulting Engineers; and Modern Building Systems.
The protocol aims at completing the project’s infrastructure works, whilst accelerating and facilitating construction across all the project’s stages. At the same time, it will also see a principal consultant assigned to supervise the building site to ensure the highest quality of implementation.
The agreement includes assigning the infrastructure works in the under-construction phases to Experts company.
Furthermore, Crystal Lagoons, which specialises in artificial lake technology, will implement a lagoons system in the project, following on from its cooperation with Maxim in previous projects.
Yasser El-Kady, Head of Maxim’s advisory board, said that the National Bank of Egypt (NBE) has approved an EGP 300m worth express loan, until the completion of syndicated loan procedures, led by the NBE, in cooperation with other Egyptian banks and financial institutions.