Egypt’s property developer Maxim Investment Group has pumped investment worth EGP 14 bn in Bo Islands, its latest project in Sidi Abdelrahman, North Coast, on the back of its plans to fully deliver it by 2022, Invest-Gate reports.

Vice President of Maxim Amr Mohsen told Invest-Gate that the company has managed marketing nearly 70% of Bo Islands’ housing units, while fully delivering one of the project’s phases.

Mohsen elaborated that Bo Islands is part of Maxim’s flagship in the North Coast, Bo Sidi Abdelrahman, which consists of other islands dubbed “Bo Sands” and “Bo Hub.” He further noted that the project will begin welcoming first residents starting next summer.

Regarding Maxim’s strategic plan, the vice president revealed, “The company aims to establish and launch real estate projects in various Egyptian governorates, within the scope of supporting Egyptian real estate development and establishing mega investment projects. Moreover, our plan includes establishing the largest tourism projects in Egypt, in a bid to support tourism and convey a civilized image of modern Egypt.”

He pointed out that Maxim is always keen to remain apace with the changes taking place in Egypt’s real estate market, aiming to develop its projects accordingly and stay in line with the state’s urban development plan to provide an added value to the market. Under this scope, the company endeavors to feature modern innovations and urban well-being within its projects to satisfy all tastes.