Marakez, one of Egypt's leading mixed-use real estate developers, has secured a EGP 3bn project finance facility from Kuwait Finance House Bank – Egypt to expand its commercial and administrative offerings at District 5, highlighting strong demand for premium office spaces.
Marakez, a prominent Egyptian developer of mixed-use properties, signed a EGP 3bn financing agreement with Kuwait Finance House Bank – Egypt during a ceremony attended by top executives from both sides, including Dasha Badrawi, executive vice chairman of Marakez; Osama Ezzo, the company's chief financial officer; Amr Abdel Wahab, head of corporate banking at KFH-Egypt; and Ihab El-Shafei, general manager of corporate banking.
The funds will support the extension of the fully leased Mindhaus Campus, adding approximately 17,000 square metres of gross leasable office area. This expansion addresses growing demand from firms for integrated, high-specification workspaces in District 5, located in East Cairo and offering direct access to retail outlets, banking services, dining options, and lifestyle amenities.
Marakez noted that the existing Mindhaus Campus features an integrated ecosystem and premium facilities, leading to a waiting list for office spaces. The project reinforces District 5's role as a key commercial and business hub in East Cairo, aligning with KFH-Egypt's focus on financing quality developments that promote sustainable commercial growth.