Maxim Investment Group has announced a partnership with The MarQ Communities, a leading developer of urban and touristic projects in Egypt, to complete the development and construction of the Maxim North Coast project. The project, which spans 900 feddans on the North Coast, has a total investment of EGP 120bn and aims to deliver all the delayed units to customers within 36 months.
The partnership marks Maxim Investment Group’s commitment to fulfilling its obligations to its customers and delivering high-quality units according to the latest architectural standards. The MarQ Communities will handle all aspects of the project, including marketing and development, while Maxim Investment Group retains 100% ownership of the land.
The signing comes after Maxim Investment Group successfully resolved various challenges, including the ministerial decision to transfer the project’s jurisdiction from Matrouh Governorate to the New Urban Communities Authority. Construction is set to begin this October.
“Our primary mission is to build and develop a range of sustainable and diverse projects. This aligns with Maxim’s commitment to contributing to economic growth through strategic investments in the hospitality, real estate development, trade, and business solutions sectors,” said Mohamed Karrar, Chairperson of Maxim Investment Group.
Mohamed Samir, CEO of Maxim Investment Group, said, “Our main goal is to accelerate execution rates and construction processes for the speedy delivery of contracted units.”
Amr Badr, Chairperson and CEO of The MarQ Communities, said: “Our mission is to create modern and inspiring urban communities through developing international landmarks and touristic projects in Egypt.”
As part of the strategic partnership agreement with The MarQ Communities, they signed a partnership with INEX, a company with expertise in providing engineering and construction services, to carry out and accelerate the construction and delivery date of the project with the highest quality.
Two phases of the Maxim North Coast project were previously launched, Bo Islands and Bo Sands, offering a variety of units including chalets, townhouses, and villas. The project features a natural bay with sandy beaches spanning 1000 meters, and crystal lagoons with an area of more than 200,000 sqm, a length of more than 14 kilometers, and a depth of 1.6 meters. The built-up area of the two phases occupies only 12% of the entire project area, with the remaining space featuring artificial lakes, parks, and landscaped areas.
