Marseilia for Real Estate Investments (MAAL), which recently started trading on the EGX, has signed an EGP 6.5 billion development contract in the Western North Coast.
More Details🧐 The project is set to include housing units, hotels, & commercial services, falling on 861k square meters of land.
The development period is expected to take up to four years.
Why is this Important🤔 MAAL considers this agreement an investment opportunity. The company expects the project to generate EGP 13 billion in revenues, with MAAL’s share amounting to 65% or more (EGP 8.45 billion).