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FINANCIAL NEWS
Maxim Group to establish new city in Egypt’s administrative capital
19 Jun 2016
(MENAFN) Egypt-based Maxim Investment Group confirmed a request to set up a comprehensive city amid the state new administrative capital city.
The proposed new city is ready to be spread over an area between 300 and 500 feddans.
Additionally, one of the firms has supplied 70 percent of volume of concrete used in the new capital city project.
Moreover, the investments of the group in Egypt rose by USD1.46bn, thus the firm has pumped USD67.39mn in its projects in the north coast.
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