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Marseilia Group and Amlak Finance agreement Marseilia Group and Amlak Finance agreement

Marseilia Group and Amlak Finance Sign MoU

Marseilia Group announced the signing of a memorandum of understanding (MoU) with Amlak Finance, for the development of a comprehensive urban project on a land plot owned by Amlak Finance at Nasr City in Cairo.

The project is located on Al Nasr Street and in front of Al Ahly club and will extend over 42,676 m2. The project will be a comprehensive urban development and will include a residential and an administration building, a shopping mall designed in accordance with international standards, and a fully serviced and equipped hotel, in addition to areas dedicated to social activities.

The MoU was signed by Yasser Ragab, chairman, Marseilia Group, Arif Alharmi, CEO, Amlak Finance, and Hisham Okasha, chairman, National bank of Egypt, at the headquarters of the National Bank of Egypt in Cairo.