MARAKEZ, one of Egypt’s leading mixed-use real estate developers, has secured an EGP 3 billion project finance facility from Kuwait Finance House Bank – Egypt (KFH-Egypt) to support the expansion of its commercial and administrative offerings at District 5, reinforcing the company’s continued growth and strong demand for premium office spaces.
A signing ceremony for the facility brought together MARAKEZ and KFH-Egypt executives, including Dasha Badrawi, Executive Vice Chairman of MARAKEZ; Osama Ezzo, Chief Financial Officer of MARAKEZ; Amr Abdel Wahab, Head of Corporate Banking at Kuwait Finance House – Egypt and Ihab El-Shafei, General Manager – Corporate Banking. The event marked a significant milestone in the company’s ongoing commitment to expanding in Egypt.
This funding will enable the extension of the sold-out Mindhaus Campus, adding approximately 17,000 square meters of gross leasable office (GLA) space. This transaction aligns with KFH-Egypt’s commitment to financing high-quality projects that contribute to sustainable commercial growth.
Exclusively designed for leasing, the new extension addresses strong demand from companies seeking integrated work environments within District 5. The expansion comes in response to the increased demand for office spaces within the office park, Mindhaus Campus, which has reached full occupancy, driven by its integrated ecosystem, high-quality amenities, and strategic location within District 5. With easy access to retail destinations, banking services, dining outlets, and lifestyle facilities, the development offers businesses a complete and well-connected commercial ecosystem.
As a result of this strong demand, MARAKEZ has established a waiting list for office space, reflecting continued interest from companies seeking flexible, high-quality offices within an integrated mixed-use destination. The new extension is designed to accommodate companies looking for an integrated business environment while further enhancing District 5’s commercial offering.
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About MARAKEZ
MARAKEZ is one of the largest mixed-use developers in Egypt with a portfolio of projects with one of the highest recurring revenue profiles in the country. Anchored by the flagship Mall of Arabia in West Cairo, MARAKEZ projects include AEON, the first residential project with residential towers in 6th October City and new urban communities, as well as District 5, East Cairo’s leading mixed-use development in New Katameya. In addition to the Mall of Tanta, which opened in 2019, the Town Center in 2020, and the Mall of Mansoura, which is opening soon.
For more information, please visit: www.marakez.net.
About KFH Egypt
KFH Egypt plays a growing role in the Egyptian banking sector as a Shariah-compliant institution serving both corporate and retail customers. Leveraging the strength and expertise of Kuwait Finance House Group, KFH Egypt provides a comprehensive range of Islamic banking solutions tailored to the needs of Egypt’s dynamic economy.
On the corporate and commercial banking side, KFH Egypt supports key sectors through structured financing, trade finance, treasury solutions, and project financing, with a strong focus on SMEs and large enterprises. The bank acts as a strategic partner to its corporate clients, offering Shariah-compliant solutions that promote sustainable growth, investment, and financial inclusion. In the retail banking segment, KFH Egypt offers a diversified portfolio of products and services, including accounts, financing, cards, and digital banking solutions designed to meet the evolving needs of individuals and families. The bank emphasizes customer-centric service, innovation, and accessibility, while promoting Islamic finance principles across its retail offering. Through its dual focus on corporate and retail banking, KFH Egypt contributes to the development of the Egyptian financial market, supports economic growth, and strengthens the presence of Islamic banking in Egypt.
