Real estate developer Maxim Development secures US$28 additional loan from NBE

EGYPT – Maxim Development, a real estate developer, has acquired has secured EGP 450 million (US$28.73m) syndication loan, a new one from the previously signed with the National Bank of Egypt (NBE), in cooperation with the Arab African International Bank (AAIB). The financing will go towards accelerating operations at the Bo Sidi Abdel Rahman development. The new portion will be directed to the project’s construction process, and to expedite the delivery of the contracted units, in addition to paying a new instalment of the land price. This is the third…

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