Egypt’s Maxim launches $736mn Bo Sands Sidi Abdel Rahman project

Egypt leading real estate company, Maxim Investments Group launched a new project in the heart  of “ Bo Sidi Abdel Rahman” located at the North Coast with total investments worth 6.5 Billion Egyptian Pounds (US$ 736 million).

The new project is compound named as “Bo Sands” spread over 300 feddans representing 17 percent of “Bo Sidi Abdel Rahman” project land, the company’s chairman Mohamed Karrar said Thursday.

“Bo Sands” phase I will be delivered by 2019 and the whole project will be completed by 2022. It offer a full range of facilities and services comprising  commercial brands, 4 stars and 5 stars hotel area, club house, sports facilities and a fun park.

The project’s apartments are characterized with relatively small spaces which range between 80 and 200 meters overlooking artificial lakes and swimmable lagoons which accounts to around 80 percent of the project’s total area.

Bo Sidi Abdel Rahman is the biggest north coast destination spread over 1800 feddans with total investments wirth 14 billion pounds that comprises two projects “Bo islands” and “Bo Sands”.

Maxim has started the implementation of Bo Islands phase I starting the excavation work and the construction of artificial lakes in addition to finalizing 85 percent of the project’s roads with total investments 3.5 billion pounds.

Bo Islands is covering 300 feddans designed by AECOM, American multinational engineering firm, in cooperation with the Spanish HCP.