Maxim Group plans establishing new city in Egypt’s administrative capital

Egypt-based Maxim Maxim Investment Group submitted a request to establish a comprehensive city within the state new administrative capital city, its chairman Mohamed Karrar said Thursday.

Maxim proposed new city is set to be spread over an area between 300 and 500 feddans, karrar noted.

In addition, one of the companies which is affiliated to  Maxim group has supplied 70 percent of volume of concrete used in the new capital city project,  the company started supplying concrete six months ago.

The investments of Maxim Group in Egypt has increased by 13 billion Egyptian pounds, thus the company has pumped 600 million pounds in its projects in the north coast within the first five months of the current year.