Marseilia Group And Amlak Finance Ink Deal For Cai

by Forbes Middle East Forbes Middle East - Business News

Egypt-based Marseilia Group signed a memorandum of understanding(MoU) with the U.A.E. based Amalak Finance for the development of a comprehensive urban project on a land plot owned by Amlak Finance at

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(MoU)
Amalak Finance
Egypt
Marseilia Group
Nasr city

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The agreement is between Amlak Finances Amlak Nasr City for Real Estate Investment (L.L.C.), a wholly owned Egyptian company, and a subsidiary of Amlak, and Marseilia Egyptian Gulf for Real Estate Investment Company, one of Marseilia Group companies. The National Bank of Egypt (NBEDIFC) holds sponsorship for the MoU.
The project is also aimed at supporting the development of the community by creating 10,000 job opportunities to the Egyptian youth throughout the next five years.