📋 Tender Overview
Scope of Work:
Construction of Maxim North Coast project in Sidi Abdel Rahman on the North Coast.
Description:
Egypt's Maxim Investment Group is partnering with The Marq Communities to complete the development of its 900-acre Maxim North Coast project, located in Sidi Abdel Rahman on the North Coast. The Marq Communities will assume the role of main developer for the 120 billion Egyptian pounds ($3.9 billion) project, which includes residential and hospitality elements. With ministerial approval in hand, construction works for the project will resume this month & the partnership would contribute to accelerating the project's development, construction, and delivery. Maxim Investment Group will retain 100 percent ownership of the land. The Marq Communities are planning to deliver the first phase in 2024 with the rest to follow sequentially. The construction contract has been awarded to Inex Contracting. The company will pump EGP3 billion ($97 million) into construction over the next 36 months. The first phase of the project would retain its original name of Bo Islands while remaining two phases would given new names.
Maxim North Coast project previously comprised of two phases, Bo Islands and Bo Sands, offering chalets, townhouses, and villas. The project includes a natural bay with sandy beaches spanning 1,000 metres, crystal lagoons with an area of more than 200,000 square metres, a length of more than 14 kilometres, and a depth of 1.6 metres. The project's jurisdiction has been changed from Matrouh Governorate to the New Urban Communities Authority (NUCA).
