The Arab African International Bank (AAIB) has signed a long-term financing agreement worth EGP 2 bn with MARAKEZ, one of Egypt’s leading real estate developers, to support the development of its latest project, “Crescent Walk,” in New Cairo’s Sixth Settlement, Invest-Gate reports.

The signing ceremony was held at AAIB’s headquarters in Garden City, attended by Tamer Waheed, Vice Chairman and Managing Director of AAIB, and Ahmed Demerdash, Chairman of MARAKEZ, along with senior executives from both parties.

Spanning 118 feddans, Crescent Walk will feature a range of residential units. The tailored financing is aimed at facilitating construction and ensuring timely delivery, aligning with MARAKEZ’s reputation for delivering high-quality, precision-executed developments.

This deal underscores AAIB’s capability to provide agile, structured financial solutions to real estate developers. It also adds to the bank’s growing development finance portfolio, which saw multiple agreements in the first half of the year with major developers such as Talaat Moustafa Group, Art Life (The Collection in New Giza), Palm Hills, and Landmark Developments.

MARAKEZ is the real estate arm of Saudi Arabia’s Alhokair Group, focused on building sustainable and innovative urban communities. AAIB remains one of Egypt’s largest private banks, offering a broad range of tailored financial services across local and regional markets.