Al Marasem International, a prominent real estate development company, is in negotiations with a banking consortium to secure a loan worth 2 billion Egyptian pounds. The funds are intended to support their ambitious urban project, “Fifth Square,” located in New Cairo’s vibrant Fifth Settlement. The company aims to obtain medium-term Islamic financing to contribute to the investment costs of this innovative development, which promises integrated urban amenities and a thriving community.
As part of its growth strategy, Al Marasem International joins other real estate developers in seeking bank financing to overcome the funding gap caused by rising construction expenses. With a focus on accelerating construction timelines and reducing market risks, these companies are determined to meet the increasing demand for quality housing in Egypt. Al Marasem International has a successful track record of securing bank financing, having previously obtained substantial loans and Islamic financing partnerships to support their projects, including developing Fifth Square and other notable ventures in the country.
