Multi-million dollar estate in Egypt

Egypt leading real estate company, Maxim Investments Group is set to construct a multi-million dollar estate in Egypt. The company’s top officials have announced.

Dabbed “Bo Sidi Abdel Rahman” the estate in Egypt is expected to cost  US$ 736 million.

This will be one of the largest projects being carried by them and is spread over over 300 feddans representing 17 percent of “Bo Sidi Abdel Rahman”.

The company’s chairman Mohamed Karrar added that they will deliver the first phase by 2019 and the whole project is expected to be completed by 2022.

He added that once the estate in Egypt is completed it will comprise of commercial brands, a numbers of four and five start hotel, and modern club house fun park with sport facilities alos.

“We expect the projects’ apartment to have relatively small space which will measure from 80 and 200 meters” he added.

Artificial lagoons

The project is  expected to hold artificial lagoons, artificial lakes which will account for 80% of the projects total space.

The official added that its one of the biggest real estate project they will be carrying in the North cost.

The project will cover over 1800 feddans with total investments worth 14 billion pounds. It will comprise of two projects “Bo islands” and “Bo Sands”.

Maxim has started the implementation of Bo Islands phase I starting the excavation work and the construction of artificial lakes. in addition to finalizing 85 percent of the project’s roads with total investments 3.5 billion pounds.

Bo Islands is covering 300 feddans designed by AECOM, American multinational engineering firm, in cooperation with the Spanish HCP.

The company have in the past carrying out multi-million project that are targeting high end earners.