Maxim Real Estate Investment (MREI) has signed some collaboration protocols with merely five Egypt-based real estate contractors to finalize construction of its integrated project on the North Coast, or “Bo Islands,” Invest-Gate reports.
MREI partnered with Al-Shorouk Company for General Contracting and Public Sector Procurement, Red Sea International for Contracting, Experts Contracting Company, Ehaf Consulting Engineers, and Modern Building Systems to expedite building works on the coastal project, according to the company’s press release on September 2.
For the general contracting and construction of the newest phases of the Bo Islands and Bo Sands projects on the North Coast, Al-Shorouk Company agreed to take charge. Further, infrastructure works at the under-construction phases in Bo Islands will be undertaken by Experts Contracting Company.
Specifically, the agreements entail the assigning of a principal consultant engineer to supervise the construction site, in a bid to ensure top-quality implementation, along with the appointment of new consultants to develop and provide the most competent designs.
Crystal Lagoons, the global developer of sustainable crystal-clear lagoons, will also be investing its long-standing expertise in the field of artificial lake technology by carrying out the lagoon systems of Bo Islands, the statement added.
Commenting on the move, Chairman of MREI Mohamed Karrar noted, “These partnerships contribute to achieving our vision in finalizing the infrastructure and construction works and accelerate the pace of implementation at Bo Islands. We already have started delivering many units last year, and will be delivering a large number of units in the upcoming few months.”
Offering a private island lifestyle with its 18.5 kilometers of sandy beach, Bo Islands features an assortment of eco-friendly facilities as well as a variety of dining and retail accessibility, on top of a wide range of recreational and sports activities.